From 1st of January 2016, the deposit insurance limit is increased to € 4,000

The Deposit Insurance Fund of Kosovo (DIFK) would like to inform you that from 1^st of January 2016, the deposit insurance limit has been increased from €3,000 to €4,000, in line with article 3, paragraph 1 of the Law No. 04/L-133 on Deposit Insurance.

All DIFK member banks have been provided with certificates of memberships and information leaflets with updated information on the new deposit insurance limit of €4,000. Member banks have an obligation to deliver all DIFK materials to their branches and sub-branches.

The total amount of insured deposits reaches €480 million whereas the total number of insured depositors is 868 thousand, namely 96.4%.

The assessment of the deposit insurance limit adequacy is based on the indicator of complete coverage of depositors, namely measuring the number of depositors who have deposits up to the insurance limit. In Kosovo, the number of fully insured depositors for the insurance limit of € 4,000 is 771 thousand, or 87.7%. International Basic Principles for effective systems of deposit insurance indicate a range of 90-95% of the full coverage of depositors, as an adequate limit for deposit insurance. The increase of the deposit insurance limit to € 5,000 from 1^st of January 2018 (as foreseen by law), will ensure that the number of fully insured depositors reaches 781 thousand, or 88.8%.