{"id":19370,"date":"2025-06-12T09:00:00","date_gmt":"2025-06-12T07:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=19370"},"modified":"2025-06-12T08:29:35","modified_gmt":"2025-06-12T06:29:35","slug":"guarantee-funds-sufficiently-guaranteed","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/guarantee-funds-sufficiently-guaranteed\/","title":{"rendered":"Are guarantee funds sufficiently guaranteed?"},"content":{"rendered":"
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Economic experts have been warning for some time about a reality affecting the Spanish banking system. The deposit guarantee fund, which is supposed to protect our savings in the event of a bank failure, could be insufficient. How can we secure our finances?<\/b><\/h3>\n

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In theory, a deposit guarantee fund (DGF) protects the savings we have in the country\u2019s banks by imposing a fixed term of up to a maximum of 100,000 euros per individual or legal entity. In this way,<\/span> if a bank were to fail and could not meet its obligations to its customers, the country\u2019s DGF would be responsible<\/b> for compensating account holders for their savings up to a maximum of 100,000 euros. Even so, if you had more than 100,000 euros in a single current account, the DGF would not cover the difference.<\/span><\/p>\n

This is the theory, but in practice, economic experts warn that<\/span> this DGF, in Spain, has a black hole that would prevent it from covering losses<\/b>. At this point, it is necessary to ask how the DGF gets its resources. All the banks that are registered in the State Register of Banks and State Banks, and which have access to financing from the Bank of Spain, have to make contributions to the DGF. Thus, as recommended by the European Central Bank, the DGF\u2019s resources should be at least 1% of the total deposits contracted by the country\u2019s banks.<\/span><\/p>\n

Therefore, according to the calculations made by experts, <\/span>Spain\u2019s DGF should have between 5,500 and 8,250 million euros at its disposal<\/b>. Even so, prestigious economists such as Santiago Ni\u00f1o Becerra consider that this figure falls short in the event that some of the main banking operators of the Spanish State go bankrupt. And, as if that were not enough, they warn that the DGF does not even have these 8,250 million, because it is still recovering from the contributions it had to make during the <\/span>bank bailout<\/span><\/a> due to the economic crisis of 2008. If the DGF\u2019s figures are negative, they warn, it is necessary to take a cautious approach. This is why b<\/span>anks have complimentary insurance<\/b>: where the DGF does not reach, insurance must reach.<\/span><\/p>\n

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