If some of the 15 banks operating at Montenegrin market went bankrupt, Deposit Protection Fund will have enough money to respond to it immediately and start paying off the savings to the clients and to the economy which amounts up to 50 thousand EUR, said in the interview for “Pobjeda”, CEO of the Deposit Protection Fund Predrag Marković.
“The Fund currently has around 137 million EUR. Taking into account the size of Montenegrin banks, scope and structure of deposit potential and the amount of deposits per each bank, the money we dispose of is more than enough for the Fund to fulfill its role”, said Marković.
The deadline for the start of payments of deposits is 15 working days.
“Funds are operational, and in case of need, they can be available for the depositors even before the deadline established by the law. The Fund has carried out simulations of deposit payment with several banks and it is ready for the implementation of statement of guaranteed deposits”, says Marković.
He also explains how deposits are calculated.
“The guaranteed deposit is calculated in such a way that all deposits of one depositor in a bank are collected with the accompanying interest up until the day of the bankruptcy. Then, the mature obligations of the depositor are subtracted from that amount. In case the amount is higher than 50.000 EUR, the Fund will pay 50.000 EUR and the depositor will request the rest through the collection of bankruptcy estate”, explains Marković.
