Regulatory Alerts2019-10-22
Added · Updated
Law on Deposit Insurance of the Republic of Serbia
The Republic of Serbia enacted this law to establish the Deposit Insurance Agency (DIA) and a statutory deposit insurance scheme designed to protect the deposits of individuals, entrepreneurs, and small to medium-sized enterprises. The legislation mandates that the DIA insure eligible deposits up to a coverage limit of 50,000 euros per depositor per bank, funded through risk-based premiums paid by banks and a dedicated Deposit Insurance Fund. It further defines the DIA's operational framework, including cooperation with the National Bank of Serbia, procedures for fund management, and the obligation to reimburse covered deposits within seven weekdays following the initiation of a bank's bankruptcy or liquidation.
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