The Fondo de Garantia de Depositos (FGD) is Spain's deposit guarantee fund, a state-owned enterprise founded in 1977 and headquartered in Madrid. Financed by levies on retail, cooperative, and savings banks along with the Bank of Spain, it guarantees deposits in Spanish banks, including EU branches, up to 100,000 euros per account holder, and maintains three separate guarantee funds for retail banks, savings banks, and cooperative banks. Since 2010 it has also played a role in managing Spain's bank restructuring fund, the Fondo de Reestructuracion Ordenada Bancaria.
Facts
Founding Year Headquarters Geography
Country or Jurisdiction ServedWikidata Q6744352, property P17 (country). Classification
Institution Subtype In the Other Atlases
Located In
Also in Geography Atlas: where this subject is located.
Sources
1. Fondo de Garantia de Depositos, Wikipedia
Infobox, Founded
Founded: 1977
Infobox, Headquarters
Headquarters: Madrid, Spain
Lead sentence
The Deposit Guarantee Fund of Credit Institutions (Spanish: Fondo de Garantía de Depósitos de Entidades de Crédito, FGD) is a Spanish deposit guarantee fund financed by retail, cooperative, and savings banks (Spanish: cajas de ahorros) as well as the Spanish central bank covering deposits in Spanish banks.
View the Source2. Wikidata
Wikimedia Foundation- Country or Jurisdiction Served: Spain
Reader Challenges (0)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.