The deposit guarantee ceiling in case of private individuals will rise from 6,000 to 20,000 lei. If a bank goes bankrupt or is liquidated, this sum will be paid to each depositor, no matter how many deposits they had. A bill to this effect was passed by Parliament in its March 24 sitting, IPN reports.
The bill was drafted by unaffiliated MPs Iurie Leanca, Eugen Carpov and Stefan Creanga. According to them, the initiative is aimed at protecting bank depositors.
“The deposits of private individuals in the banking system, after the constitution of the Deposit Guarantee Fund, rose from about 4 billion lei in 2004 to 35 billion lei in 2015. This shows that the population has confidence in the banking system of Moldova,” says the informative note to the bill.
The ceiling was set based on the rate of inflation for 2003-2015 and the depreciation level of the national currency.
