Deposit Guarantee

The Bank Deposit Guarantee Fund (BDGF) is a legal entity created by the Bank Deposit Guarantee Act of 1998.

The Fund protects depositors' funds and creditors’ interests in bank insolvency proceedings. The BDGF guarantees depositors' savings held in Tokuda Bank up to the amount stipulated by the Bank Deposit Guarantee Act, which, at the date of this contract, is BGN 196,000 in total for the principal and interest on all accounts of one person with the Bank.

During collection, deposits in foreign currencies participate in their BGN equivalent, determined at the Bulgarian National Bank’s exchange rate at the date of issue of an instrument pursuant to Article 20(1) of the Bank Deposit Guarantee Act (BDGA).

Payouts from the Bank Deposit Guarantee Fund will begin no later than 7 business days after the date of issue of an instrument pursuant to Article 20(1) of the BDGA, through one or more commercial banks determined by the Governing Board of the Bank Deposit Guarantee Fund.