Deposit Insurance Premiums for FY2013

Press Release

Date: April 1, 2014

During FY2013 (from April 1, 2013 to March 31, 2014) there was no (ⅰ) insurance contingency (Article 49, paragraph 2, items 1 and 2 of the Deposit Insurance Act); (ⅱ) order for a financial administrator to manage the business and properties of the failed financial institution (Article 74, paragraphs 1or 2 of said Act); or (ⅲ) decision by the Prime Minister to take measures stipulated in Article 102, paragraph 1, items 2 or 3 of said Act. As a result, in accordance with the conditions made at the 237th Policy Board meeting held on March 25, 2013 and the approval stipulated in Article 50, paragraph (4) of the Deposit Insurance Act, the difference between the insurance premiums calculated based on the effective rate of 0.084% (0.082% for general deposits, etc. and 0.107% for deposits for payment and settlement purposes) and that of 0.07% (0.068% for general deposits, etc. and 0.089% for deposits for payment and settlement purposes) will be reimbursed.


Top of Page