Press Release on the Unification of Deposit Guarantee Funds

October 6, 2011

The unification of the Deposit Guarantee Funds is a logical measure resulting from the restructuring carried out in the Savings Banks.

However, the unification should properly address the fact that the Guarantee Funds for Banks and Credit Cooperatives have accumulated significant assets (3,875 million euros) which now appear to be intended for covering aid in the Savings Banks sector.

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