Funds accumulated at BGŻ Bank on named bank accounts are secured by the Bank Guarantee Fund.
The BFG guarantees the funds:
- If the deposited funds in PLN do not exceed the equivalent of 50 000 EURO – the whole amount is guaranteed.
- Funds on joint accounts (for example an account held by spouses) – the 50 000 EURO guarantee limit concerns each of the account co-owners.
The personal account deposits in PLN and foreign currencies which are guaranteed are:
- physical entities
- legal entities
- organizational units, without legal entity but with legal capacity
- school saving funds and worker’s loan-aid funds
Which deposits are not secured?
- State treasury
- Financial institutions such as: banks, broker’s offices, pension funds, investment funds, the NFI, insurance intermediaries
- Entities that are not entitled to drawing up a simplified balance sweet and profit/loss statement
- Bank management and main shareholders (having at least 5% of the bank’s shares)
The method of calculating the guaranteed amount::
- All accumulated funds at one bank by one person, regardless of the number of accounts they are deposited on (i.e. term deposits, current accounts, savings accounts) are treated as one deposit.
- The basis for calculating the guaranteed amount is the sum of deposited funds on all accounts.
The BGŻ Bank economic and financial situation as of 31.12.2007
In accordance to the provisions of art. 38b the Act on The Bank Guarantee Fund dated December 14, 1994 [unified text, Journal of Laws year 2000, no 9, pos.131 with changes] we kindly inform that Bank BGŻ was established in 1975.The dominant shareholders are as of 31.12.2007 the State Treasury, which holds 37,32% of the shares as well as entities of the Rabobank Group – Rabobank International Holding B.V. and Cooperatieve Centrale Raiffeisen - Boerenleenbank B.A. who have accordingly 36,07% and 9,98% of BGŻ share capital.
BGŻ Bank provides services to customers through a network of 241 branch offices.
BGŻ Bank financial and economic data as of 31.12.2007
|
Net balance sum |
20.281 mln PLN |
|
Non-bank entity deposits |
15.493 pln mln |
|
Gross credit of non-bank entities |
14.514 mln PLN |
|
Own funds (to calculate the solvency ratio) |
1.721 mln PLN |
|
Solvency ratio |
11,13 % |