Information on deposits guarantees

Information on deposits guarantee

OTP Bank Romania S.A. based in. no. 66-68,  Buzeşti Str, sect. 1, 011017, Bucharest, telephone number +4021 308 57 10 and the email address, is a participant in the Romanian Bank Deposit Guarantee Fund (FGDB), as a statutory deposit guarantee scheme established by Government Ordinance no. 39/1996 regarding the establishment and functioning of the Deposit Guarantee Fund in the Banking System, republished, with the subsequent modifications and completions, officially recognized in  Romania.
FGDB's contact details are: No. 3Negru Vodă Str. , building A3, et 2, Sector 2, Bucharest, code: 030774, Tel: 0314 232 805; e-mail: /; website:

The bank's depositors benefit from the guarantee, through the payment of compensations, of the eligible opened deposits, within the limit of the guarantee ceiling that is established by law.
Currently, the coverage ceiling is the RON equivalent of the amount of EUR 100,000 per depositor per bank. This level of the coverage ceiling was established by Law no. 311/2015 on deposit guarantee schemes and the Bank Deposit Guarantee Fund, published in the Official Gazette no. 918 of December 11, 2015.
The minimum value from which compensations are paid for deposits that had no transaction in the last 24 months, is established by FGDB and published on its official website, respectively

Deposits resulting from:
a) real estate transactions related to real estate for residential use;
b) the event of retirement, dismissal, due to the situation of disability or death of the depositor;
c) cashing of insurance indemnities or compensations for damages resulting from crimes or for unjust convictions.
are covered above the 100.000 EUR ceiling, for 12 months.

The level of guarantee above this ceiling is established and reconsidered periodically based on the evolution of the relevant statistical indicators by the National Bank of Romania and published on its official website.

If you have several deposits placed in the same bank, they are summed up and the total value is subject to the coverage ceiling set at the RON equivalent of EUR 100,000.
Example: if a depositor has a savings account in the amount of EUR 90,000 and a current account in which he has EUR 20,000, he will receive compensation in the amount of EUR 100,000, equivalent to lei.

If you have a joint account with another person (The common account is the account opened in the name of two or more persons, each having the quality of account holder), it applies the coverage ceiling set at the equivalent in RON of the amount of 100,000 EUR separately, for each holder of depositor account.
Exception: In case of deposits placed in an account whose beneficiaries are two or more persons as members of a for-profit association, association or group of the same nature, without legal personality, they are summed up and treated as if they had been placed by a single depositor, for the calculation of the limit of 100,000 EUR.

The period for making the due compensations available (up to the RON equivalent of the amount of EUR 100,000) in case of unavailability of deposits is 7 working days from the date on which the deposits became unavailable, their payment currency being RON (lei). The right of guaranteed depositors to receive due compensation shall lapse upon the expiry of a period of 5 years from the date on which FGDB makes the compensation available to depositors.

How to calculate the due compensation: Compensation = Amount of guaranteed deposits + due interest - installments, commissions, other debts to the bank, due on the date of unavailability of deposits.

According to the law, the term "deposit" means any credit balance, including interest due, resulting from funds in an account or from transitional situations arising from current banking operations and which the credit institution must repay, in accordance with legal and contractual conditions applicable, including term deposits and savings accounts and which are not in one of the situations expressly mentioned in the law as not falling into the category of such deposits.


Information forms for depositors: