Deposit insurance Spain

 

The money guaranteed deposits are the following: credit balances on accounts, including those arising from transitory situations, nominative deposit certificates constituted in Spain or in another member state of the European Union, whatever the currency in which they are denominated, with the exclusion of those deposited by financial institutions, public administrations and certain other persons linked to credit institutions in any of the ways envisaged in the regulations.

It shall include monies entrusted to credit institution in order to provide investment services, pursuant the Stock-market Law 24/1988, or monies which derive from the providing of such services or activities.

The monetary amount guaranteed is limited up to a maximum of 100,000 Euros per depositor in each credit institution.
 

 


The guarantee shall be applied per depositor, whether the depositor is a natural or legal person, and regardless of the number and type of guaranteed deposits of which the depositor is holder at the same institution. This limit shall also apply to depositors who hold deposits whose value is above the guaranteed maximum.

When an account has more than one holder, the sum shall be divided between the holders according to the terms of the contract of deposit, or in equal parts otherwise. Each holder is guaranteed up to the maximum limit.

When the holders of a deposit act as representatives or agents of third parties, that provided they act as such at the time of placing the deposit and this fact has been formally declared to the institution prior to the circumstances giving rise to the execution of the guarantee arising, the cover given by the FGD shall be payable to each of the third party beneficiaries of the deposit on the basis of their corresponding share of the deposit.

Deposits existing at the time of a member institution’s having its authorization revoked will remain covered until the institution ceases to exist, and the balance covered will be that existing on the date of revocation.

Holders of credit balances not covered by the guarantee will continue to have the status of ordinary creditors of the credit institution.

Spain deposit insurance up to EUR 100,000 by Fondos de Garantía de Depósitos (FGD)

 

 

 

The Spanish system of Deposits Guarantee Funds
The Spanish system for guaranteeing deposits held by credit institutions comprises three Deposit Guarantee Funds (FGDs):

Deposit Guarantee Fund for Banking Establishments (FGDEB).
Deposit Guarantee Fund for Savings Banks (FGDCA).
Deposit Guarentee Fund for Credit Cooperative Banks (FGDCC).
These three institutions were created by Decree and operate under private Law. Their purpose is to guarantee money deposits and securities held by credit institutions. Besides offering these two different, but compatible guarantees, they can also, under certain circumstances, act so as to reinforce the solvency and operation of credit institutions.
 

 

 

Deposit Guarantee Fund for Bank Establishments
RELATIONSHIP OF INTEGRATED ENTITIES IN THE DEPOSIT GUARANTE FUND FOR BANKING ESTABLISHMENTS
Updated February 21, 2011
See changes ALLFUNDS BANK, SA
ALTAE BANCO, SA
ARESBANK, SA.
BANCA MARCH, SA
BANCA PUEYO, SA
BANCO ALCALA, SA
BANCO ALICANTINO DE COMERCIO, SA
BANCO BANIF, SA
BANCO BILBAO VIZCAYA ARGENTARIA, SA
BANCO CAIXA GERAL, SA
BANCO CAMINOS, SA
BANCO CETELEM, SA
BANCO COOPERATIVO ESPAÑOL, SA
BANCO DE ALBACETE, SA
BANCO DE DEPOSITOS, SA
BANCO DE FINANZAS E INVERSIONES, SA
BANCO DE LA NACION ARGENTINA, SE
BANCO DE LA PEQUEÑA Y MEDIANA EMPRESA, SA
BANCO DE MADRID, SA
BANCO DE PROMOCION DE NEGOCIOS, SA
BANCO DE SABADELL, SA
BANCO DE VALENCIA, SA
BANCO DEPOSITARIO BBVA, SA
BANCO DO BRASIL, SA, SE
BANCO ESPAÑOL DE CREDITO, SA
BANCO ETCHEVERRIA, SA
BANCO EUROPEO DE FINANZAS, SA
BANCO FINANTIA SOFINLOC, SA
BANCO GALLEGO, SA
BANCO GUIPUZCOANO, SA
BANCO INDUSTRIAL DE BILBAO, SA
BANCO INVERSIS, SA
BANCO OCCIDENTAL, SA
BANCO PASTOR, SA
BANCO PICHINCHA ESPAÑA, SA
BANCO POPULAR ESPAÑOL, SA
BANCO POPULAR HIPOTECARIO, SA
BANCO SANTANDER, SA
BANCO SERVICIOS FINANCIEROS CAJA MADRID-MAPFRE, SA
BANCO URQUIJO SABADELL BANCA PRIVADA SA
BANCOFAR, SA
BANCOPOPULAR-E, SA
BANESTO BANCO DE EMISIONES, SA
BANK OF AMERICA, NATIONAL ASSOCIATION, SE
BANKINTER, SA
BANKOA, SA
BANQUE MAROCAINE COMMERCE EXTERIEUR INTERNAT,SA
BARCLAYS BANK, SA
BBVA BANCO DE FINANCIACION, SA
BNP PARIBAS ESPAÑA, SA
CITIBANK ESPAÑA, SA
CITIBANK, NA, SE
CREDIT SUISSE AG, SE
DEUTSCHE BANK , SAE
DEUTSCHE BANK TRUST COMPANY AMERICAS, SE
DEXIA SABADELL, SA
EBN BANCO DE NEGOCIOS ,SA
FINANZIA, BANCO DE CREDITO, SA
GENERAL ELECTRIC CAPITAL BANK, SA
JPMORGAN CHASE BANK NATIONAL ASSOCIATION, SE
KBL EUROPEAN PRIVATE BANKERS, SA, SE (*)
LLOYDS BANK INTERNATIONAL, SA
MICROBANK DE LA CAIXA, SA
OPEN BANK, SA
POPULAR BANCA PRIVADA, SA
PRIVAT BANK DEGROOF, SA
RBC DEXIA INVESTOR SERVICES ESPAÑA, SA
SANTANDER CONSUMER FINANCE, SA
SANTANDER INVESTMENT, SA
SELF TRADE BANK, SA
THE BANK OF TOKYO-MITSUBISHI UFJ, LTD, SE
UBS BANK, SA
UNOE BANK, SA
(*)Complementary guarantee

Nº of entities: 73

Changes after December 31, 2010
BBK BANK,SA, changes its name to BBK BANK CAJASUR, SA, on January 27, 2011.
BANCO CASTILLA LA MANCHA, SA and BBK BANK CAJA SUR, SA., are adhered to Deposit Guarantee Fund for Savings banks since December, 31, 2010, in accordance with the Third Additional Provision of Royal Decree Law 2/2011, on February 18.

 

 

Deposit Guarantee Fund for Saving Banks
RELATIONSHIP OF INTEGRATED ENTITIES IN THE DEPOSIT GUARANTE FUND FOR SAVINGS BANKS
Updated February 21, 2011
See changes BANCO BASE (CAM, CAJASTUR, EXTREMADURA, CANTABRIA) SA
BANCA CIVICA, SA
BANCO DE CASTILLA LA MANCHA, SA
BANCO FINANCIERO Y DE AHORROS, SA
BANCO GRUPO CAJATRES, SA
BANCO MARE NOSTRUM, S.A.
BBK BANK CAJASUR, SA
BILBAO BIZKAIA KUTXA, AURREZKI KUTXA ETA BAHITETXEA. BILBAO (VIZCAYA).
CAIXA DE AFORROS DE GALICIA, VIGO, OURENSE E PONTEVEDRA. VIGO (PONTEVEDRA).
CAIXA D'ESTALVIS DE CATALUNYA, CAIXA D'ESTALVIS DE TARRAGONA y CAIXA D'ESTALVIS DE MANRESA
CAIXA D'ESTALVIS DEL PENEDÉS. VILLAFRANCA DEL PENEDÉS (BARCELONA).
CAIXA D'ESTALVIS LAIETANA. MATARÓ (BARCELONA).
CAIXA D’ESTALVIS UNI’O DE CAIXES DE MANLLEU, SABADELL I TERRASA,
CAJA DE AHORROS DE ASTURIAS. OVIEDO (ASTURIAS).
CAJA DE AHORROS DE LA INMACULADA DE ARAGÓN. ZARAGOZA.
CAJA DE AHORROS DE LA RIOJA. LOGROÑO (LA RIOJA).
CAJA DE AHORROS DE MURCIA. MURCIA.
CAJA DE AHORROS DE SANTANDER Y CANTABRIA. SANTANDER (CANTABRIA).
CAJA DE AHORROS DE VALENCIA, CASTELLÓN Y ALICANTE, BANCAJA. CASTELLÓN DE LA PLANA.
CAJA DE AHORROS DE VITORIA Y ÁLAVA - ARABA ETA GSTEIZCO AURREZKI KUTXA. VITORIA (ÁLAVA).
CAJA DE AHORROS DEL MEDITERRÁNEO. ALICANTE.
CAJA DE AHORROS MUNICIPAL DE BURGOS. BURGOS.
CAJA DE AHORROS Y MONTE DE PIEDAD DE ÁVILA. ÁVILA.
CAJA DE AHORROS Y MONTE DE PIEDAD DE CÓRDOBA. CÓRDOBA.
CAJA DE AHORROS Y MONTE DE PIEDAD DE EXTREMADURA. CÁCERES.
CAJA DE AHORROS Y MONTE DE PIEDAD DE GIPUZKOA Y SAN SEBASTIÁN. SAN SEBASTIÁN (GUIPÚZCOA).
CAJA DE AHORROS Y MONTE DE PIEDAD DE LAS BALEARES. PALMA DE MALLORCA (ILLES BALEARS).
CAJA DE AHORROS Y MONTE DE PIEDAD DE MADRID. MADRID.
CAJA DE AHORROS Y MONTE DE PIEDAD DE NAVARRA. PAMPLONA (NAVARRA).
CAJA DE AHORROS Y MONTE DE PIEDAD DE ONTINYENT. ONTINYENT (VALENCIA).
CAJA DE AHORROS Y MONTE DE PIEDAD DE SEGOVIA. SEGOVIA.
CAJA DE AHORROS Y MONTE DE PIEDAD DE ZARAGOZA, ARAGÓN Y RIOJA. ZARAGOZA.
CAJA DE AHORROS Y MONTE DE PIEDAD DEL CÍRCULO CATÓLICO DE OBREROS DE BURGOS. BURGOS
CAJA DE AHORROS Y PENSIONES DE BARCELONA. BARCELONA.
CAJA ESPAÑA DE INVERSIONES, SALAMANCA Y SORIA, CAJA DE AHORROS Y MONTE DE PIEDAD.
CAJA GENERAL DE AHORROS DE CANARIAS. SANTA CRUZ DE TENERIFE (TENERIFE).
CAJA GENERAL DE AHORROS DE GRANADA. GRANADA.
CAJA INSULAR DE AHORROS DE CANARIAS. LAS PALMAS DE GRAN CANARIA (LAS PALMAS).
COLONYA - CAIXA D'ESTALVIS DE POLLENSA. POLLENSA (ILLES BALEARS).
CONFEDERACIÓN ESPAÑOLA DE CAJAS DE AHORROS. MADRID.
MONTE DE PIEDAD Y CAJA DE AHORROS DE SAN FERNANDO GUADALAJARA HUELVA, JEREZ Y SEVILLA. SEVILLA.
MONTE DE PIEDAD Y CAJA GENERAL DE AHORROS DE BADAJOZ. BADAJOZ.
MONTES DE PIEDAD Y CAJA DE AHORROS DE RONDA, CÁDIZ, ALMERÍA, MÁLAGA, ANTEQUERA y JAEN (UNICAJA). MÁLAGA.
Nº of entities: 43

Changes after December 31, 2010
CAJA DE AHORROS Y MONTE PIEDAD DE CÓRDOBA has been extinguished after the transfer of assets and liabilities to BBK BANK CAJASUR, SA, on January 27, 2011.
BBK BANK, SA, has been adhered on February 18, 2011 having effect from December 31, 2010.
BANCO CASTILLA LA MANCHA, SA, has been adhered on February 18, 2011 having effect from December 31, 2010.

 

Deposit Guarantee Fund for Credit Cooperative Banks
RELATIONSHIP OF INTEGRATED ENTITIES IN THE DEPOSIT GUARANTE FUND FOR CREDIT COOPERATIVE BANKS
Updated January 18, 2011
See changes CAIXA DE CRÉDIT DELS ENGINYERS -CAJA DE CRÉDITO DE LOS INGENIEROS, SOCIEDAD COOPERATIVA DE CRÉDITO - BARCELONA
CAIXA POPULAR-CAIXA RURAL, SOCIEDAD COOPERATIVA DE CRÉDITO VALENCIANA. PATERNA (VALENCIA).
CAIXA RURAL ALBALAT DELS SORELLS, COOPERATIVA DE CRÉDIT VALENCIANA. ALBALAT DELS SORELLS (VALENCIA).
CAIXA RURAL ALTEA, COOPERATIVA DE CRÉDITO VALENCIANA. ALTEA (ALICANTE).
CAIXA RURAL BENICARLÓ, SOCIEDAD COOPERATIVA DE CRÉDIT VALENCIANA. BENICARLÓ (CASTELLÓN).
CAIXA RURAL D'ALGEMESÍ, SOCIEDAD COOPERATIVA VALENCIANA DE CRÉDIT. ALGEMESÍ (VALENCIA).
CAIXA RURAL DE CALLOSA D'EN SARRIÁ, COOPERATIVA DE CRÉDIT VALENCIANA. CALLOSA D'EN SARRIÁ (ALICANTE).
CAIXA RURAL DE L'ALCUDIA, SOCIEDAD COOPERATIVA VALENCIANA DE CRÉDITO. L'ALCUDIA (VALENCIA).
CAIXA RURAL DE TURIS, COOPERATIVA DE CRÉDITO VALENCIANA. TURIS (VALENCIA).
CAIXA RURAL GALEGA, SOCIEDAD COOPERATIVA DE CRÉDITO LIMITADA GALEGA. LUGO.
CAIXA RURAL LA VALL "SAN ISIDRO", SOCIEDAD COOPERATIVA DE CRÉDIT VALENCIANA. VALL DE UXÓ (CASTELLÓN)
CAIXA RURAL LES COVES DE VINROMÁ, SOCIEDAD COOPERATIVA DE CRÉDIT VALENCIANA. LES COVES DE VINROMÁ (CASTELLÓN).
CAIXA RURAL SANT JOSEP DE VILAVELLA, SOCIEDAD COOPERATIVA DE CRÉDITO VALENCIANA. VILLAVIEJA (CASTELLÓN).
CAIXA RURAL SANT VICENT FERRER DE LA VALL DE UXÓ, COOPERATIVA DE CRÉDIT VALENCIANA. VALL DE UXÓ (CASTELLÓN).
CAIXA RURAL TORRENT, COOPERATIVA DE CRÉDIT VALENCIANA. TORRENT (VALENCIA).
CAIXA RURAL VINARÓS, SOCIEDAD COOPERATIVA DE CRÉDIT VALENCIANA. VINARÓS (CASTELLÓN).
CAJA CAMPO, CAJA RURAL, SOCIEDAD COOPERATIVA DE CRÉDITO. REQUENA (VALENCIA).
CAJA DE ARQUITECTOS, SOCIEDAD COOPERATIVA DE CRÉDITO. BARCELONA.
CAJA DE CRÉDITO COOPERATIVO, SOCIEDAD COOPERATIVA DE CRÉDITO. MADRID.
CAJA DE CRÉDITO DE ALCOY, COOPERATIVA DE CRÉDITO VALENCIANA (EN LIQUIDACIÓN). ALCOY (ALICANTE).
CAJA DE CRÉDITO DE PETREL, CAJA RURAL, COOPERATIVA DE CRÉDITO VALENCIANA. PETREL (ALICANTE).
CAJA LABORAL POPULAR, COOPERATIVA DE CRÉDITO. MONDRAGÓN (GUIPÚZCOA).
CAJA RURAL "NUESTRA MADRE DEL SOL", SOCIEDAD COOPERATIVA ANDALUZA DE CRÉDITO. ADAMUZ (CÓRDOBA).
CAJA RURAL ARAGONESA Y DE LOS PIRINEOS, SOCIEDAD COOPERATIVA DE CRÉDITO. HUESCA.
CAJA RURAL CASTELLÓN SAN ISIDRO, SOCIEDAD COOPERATIVA DE CRÉDITO VALENCIANA. (CASTELLÓN).
CAJA RURAL CATÓLICO AGRARIA, SOCIEDAD COOPERATIVA DE CRÉDITO VALENCIANA. VILLARREAL DE LOS INFANTES (CASTELLÓN).
CAJA RURAL CENTRAL, SOCIEDAD COOPERATIVA DE CRÉDITO. ORIHUELA (ALICANTE).
CAJA RURAL COMARCAL DE MOTA DEL CUERVO, SOCIEDAD COOPERATIVA LIMITADA DE CRÉDITO AGRARIO. MOTA DEL CUERVO (CUENCA).
CAJA RURAL DE ALBACETE, SOCIEDAD COOPERATIVA DE CRÉDITO. ALBACETE.
CAJA RURAL DE ALBAL, COOPERATIVA DE CRÉDITO VALENCIANA. ALBAL (VALENCIA).
CAJA RURAL DE ALGINET, SOCIEDAD COOPERATIVA DE CRÉDITO VALENCIANA. ALGINET (VALENCIA).
CAJA RURAL DE ALMENDRALEJO, SOCIEDAD COOPERATIVA DE CRÉDITO. ALMENDRALEJO (BADAJOZ).
CAJA RURAL DE ARAGÓN, SOCIEDAD COOPERATIVA DE CRÉDITO. ZARAGOZA.
CAJA RURAL DE ASTURIAS, SOCIEDAD COOPERATIVA DE CRÉDITO. OVIEDO (ASTURIAS).
CAJA RURAL DE BAENA, NTRA. SRA. DE GUADALUPE, SOCIEDAD COOPERATIVA DE CRÉDITO ANDALUZA.
CAJA RURAL DE BETXI, SOCIEDAD COOPERATIVA DE CRÉDITO VALENCIANA. BETXI (CASTELLÓN).
CAJA RURAL DE BURGOS, SOCIEDAD COOPERATIVA DE CRÉDITO. BURGOS.
CAJA RURAL DE CANARIAS, SOCIEDAD COOPERATIVA DE CRÉDITO. LAS PALMAS DE GRAN CANARIA (LAS PALMAS).
CAJA RURAL DE CAÑETE DE LAS TORRES NTRA. SRA. DEL CAMPO, SOCIEDAD COOPERATIVA ANDALUZA DE CRÉDITO. CAÑETE DE LAS TORRES (CÓRDOBA).
CAJA RURAL DE CASAS IBÁÑEZ, SOCIEDAD COOPERATIVA, COOPERATIVA DE CASTILLA LA MANCHA. CASAS IBÁÑEZ (ALBACETE).
CAJA RURAL DE CASINOS, SOCIEDAD COOPERATIVA DE CRÉDITO VALENCIANA. CASINOS (VALENCIA).
CAJA RURAL DE CHESTE, SOCIEDAD COOPERATIVA DE CRÉDITO. CHESTE (VALENCIA).
CAJA RURAL DE CIUDAD REAL, SOCIEDAD COOPERATIVA DE CRÉDITO. CIUDAD REAL.
CAJA RURAL DE CÓRDOBA, SOCIEDAD COOPERATIVA DE CRÉDITO. CÓRDOBA.
CAJA RURAL DE CUENCA, SOCIEDAD COOPERATIVA DE CRÉDITO. CUENCA.
CAJA RURAL DE EXTREMADURA, SOCIEDAD COOPERATIVA DE CRÉDITO. BADAJOZ.
CAJA RURAL DE FUENTEPELAYO, SOCIEDAD COOPERATIVA DE CRÉDITO. FUENTEPELAYO (SEGOVIA).
CAJA RURAL DE GIJÓN, COOPERATIVA DE CRÉDITO. GIJÓN (ASTURIAS).
CAJA RURAL DE GRANADA, SOCIEDAD COOPERATIVA DE CRÉDITO. GRANADA.
CAJA RURAL DE GUISSONA, SOCIEDAD COOPERATIVA DE CRÉDITO. GUISSONA (LLEIDA).
CAJA RURAL DE JAÉN, BARCELONA Y MADRID, SOCIEDAD COOPERATIVA DE CRÉDITO. JAÉN.
CAJA RURAL DE LA CARLOTA, SOCIEDAD COOPERATIVA ANDALUZA DE CRÉDITO LIMITADA (EN LIQUIDACIÓN). LA CARLOTA (CÓRDOBA).
CAJA RURAL DE LA RODA, SOCIEDAD COOPERATIVA DE CRÉDITO DE CASTILLA-LA MANCHA. LA RODA (ALBACETE).
CAJA RURAL DE NAVARRA, SOCIEDAD COOPERATIVA DE CRÉDITO. PAMPLONA (NAVARRA).
CAJA RURAL DE SALAMANCA, SOCIEDAD COOPERATIVA DE CRÉDITO. SALAMANCA.
CAJA RURAL DE SEGOVIA, COOPERATIVA DE CRÉDITO. SEGOVIA.
CAJA RURAL DE SORIA, SOCIEDAD COOPERATIVA DE CRÉDITO. SORIA.
CAJA RURAL DE TERUEL, SOCIEDAD COOPERATIVA DE CRÉDITO. TERUEL.
CAJA RURAL DE TOLEDO, SOCIEDAD COOPERATIVA DE CRÉDITO. TOLEDO.
CAJA RURAL DE UTRERA, SOCIEDAD COOPERATIVA ANDALUZA DE CRÉDITO. UTRERA (SEVILLA).
CAJA RURAL DE VILLAMALEA, SOCIEDAD COOPERATIVA DE CRÉDITO AGRARIO DE CASTILLA-LA MANCHA. VILLAMALEA (ALBACETE).
CAJA RURAL DE VILLAR, COOPERATIVA DE CRÉDITO VALENCIANA. VILLAR DEL ARZOBISPO (VALENCIA).
CAJA RURAL DE ZAMORA, COOPERATIVA DE CRÉDITO. ZAMORA.
CAJA RURAL DEL MEDITERRÁNEO, RURALCAJA, SOCIEDAD COOPERATIVA DE CRÉDITO. VALENCIA.
CAJA RURAL DEL SUR, SOCIEDAD COOPERATIVA DE CRÉDITO. SEVILLA.
CAJA RURAL LA JUNQUERA DE CHILCHES, SOCIEDAD COOPERATIVA DE CRÉDITO VALENCIANA. CHILCHES (CASTELLÓN).
CAJA RURAL NUESTRA SEÑORA DEL ROSARIO, SOCIEDAD COOPERATIVA ANDALUZA DE CRÉDITO. NUEVA CARTEYA (CÓRDOBA).
CAJA RURAL NUESTRA SEÑORA DE LA ESPERANZA DE ONDA, SOCIEDAD COOPERATIVA DE CRÉDITO VALENCIANA. ONDA (CASTELLÓN)
CAJA RURAL SAN FORTUNATO, SOCIEDAD COOPERATIVA CATALANA DE CRÉDITO LIMITADA. (CASTELLOANS - LERIDA)
CAJA RURAL SAN ISIDRO DE VILAFAMES, SOCIEDAD COOPERATIVA DE CRÉDITO VALENCIANA. VILAFAMES (CASTELLÓN).
CAJA RURAL SAN JAIME DE ALQUERIAS DEL NIÑO PERDIDO, SOCIEDAD COOPERATIVA DE CRÉDITO VALENCIANA. ALQUERIAS DEL NIÑO PERDIDO (CASTELLÓN).
CAJA RURAL SAN JOSÉ DE ALCORA, SOCIEDAD COOPERATIVA DE CRÉDITO VALENCIANA. ALCORA (CASTELLÓN).
CAJA RURAL SAN JOSÉ DE ALMASSORA, SOCIEDAD COOPERATIVA DE CRÉDITO VALENCIANA. ALMASSORA (CASTELLÓN).
CAJA RURAL SAN JOSÉ DE BURRIANA, SOCIEDAD COOPERATIVA DE CRÉDITO VALENCIANA. BURRIANA (CASTELLÓN).
CAJA RURAL SAN JOSÉ DE NULES, SOCIEDAD COOPERATIVA DE CRÉDITO VALENCIANA. NULES (CASTELLÓN).
CAJA RURAL SAN ROQUE DE ALMENARA, SOCIEDAD COOPERATIVA DE CRÉDITO VALENCIANA. ALMENARA (CASTELLÓN).
CAJA RURAL REGIONAL SAN AGUSTÍN DE FUENTE ÁLAMO, SOCIEDAD COOPERATIVA DE CRÉDITO. FUENTE ÁLAMO (MURCIA).
CAJAMAR, CAJA RURAL, SOCIEDAD COOPERATIVA DE CRÉDITO. ALMERIA.
CAJA SIETE, CAJA RURAL, SOCIEDAD COOPERATIVA DE CRÉDITO. SANTA CRUZ DE TENERIFE (TENERIFE).
CRÉDIT VALENCIÁ, CAJA RURAL, COOPERATIVA DE CRÉDIT VALENCIANA. VALENCIA.
IPAR KUTXA RURAL, SOCIEDAD COOPERATIVA DE CRÉDITO. BILBAO (VIZCAYA).
Nº of entities: 81

Changes after December 31,2010
CAIXA RURAL DE BALEARS, SOCIEDAD COOPERATIVA DE CRÉDITO, has been cancelled due to merger by CAJAMAR CAJA RURAL, SOCIEDAD COOPERATIVA DE CRÉDITO, on January 5, 2011.

 

MONEY DEPOSITS NOT GUARANTEED
The following deposits are not guaranteed:

a.Deposits by other credit institutions in their own name and on their own behalf, and those made by the following entities and financial institutions:
1.Broker-dealer firms.
2.Insurance companies.
3.Security investment companies.
4.Management companies responsible for collective investments, pension fund companies, mortgage securization funds, venture capital and the deposits of the institutions that they manage.
5.Portfolio management companies.
6.Venture capital companies and their management committee.
7.Entities whose main business is the holding of shares or part ownership of companies.
8.Institutions, of whatever name or type, that in accordance with the regulations applicable to them, carry out business typical of those listed above.
9.Any financial institution subjected to supervision.
b.Securities representing debt issued by the credit institution, including promissory notes and negotiable instruments.
c.Bearer certificates of deposit, temporary transfers of assets and finance with a subordination clause.
d.Deposits constituted by companies belonging to the same economic group as the credit institution.
e.Deposits constituted by Public Administrations.
f.Deposits constituted by persons holding management or administration posts in the institution giving rise to the fund’s action, pursuant to Article 1.4 of Law 26/1988, 29 July, on discipline and intervention in credit institutions, by persons with a significant share of the capital of the institution, pursuant to Article 56 of Law 26/1988, or a stake in companies in their economic group, in accordance with the criteria in Article 4 of Law 24/1988, 28 July, on the Securities Market, or their spouses or immediate family member.
Also are excluded of guarantee the deposits constituted:

a.In breach of current legislation, in particular those funds arising out of operations in relation to which there has been a criminal sentence for offences involving money-laundering transactions.
b.For customers who have brought about, through their own actions, financial conditions that have contributed towards worsening the situation of the institution, provided such circumstances have been confirmed by a court conviction.
c.Persons acting on behalf of any depositors excluded under the foregoing or under this subsection, or those acting in concert with those persons mentioned previously in paragraphs a) and b).

 

DEPOSITS OF HIGHER AMOUNT THAN THE GUARANTEED LIMIT
Holders of deposits of higher amount than the guaranteed limit, shall continue as ordinary creditors of the institution for the amount not recovered from the FGD, until the causes that made the guarantee system act have been resolved, or the institution wound up or its debts settled by the terms agreed by the creditors in the corresponding proceedings.

The holders of deposits not guaranteed by the FGD shall be in the same situation.
 

Source: http://www.fgd.es/

 


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