Press release on the increase in contributions to the Deposit Guarantee Fund

December 2, 2011

In relation to the Royal Decree-Law approved today on the financing regime of the new Deposit Guarantee Fund, AEB would like to state the following:

1.- Following the recent integration of the guarantee funds of banks, savings banks and credit cooperatives, it is surprising and unfair that banks’ contributions to the DGF are being increased. These institutions have not only received no public aid, but have already contributed the assets—€2,347 million—that they had historically built up in their guarantee fund.

2.- AEB calls on the authorities to establish a clear and transparent roadmap to address, once and for all, the unfinished restructuring of the financial system.

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