THE AGENCY HIGHLIGHTS
Agency Of Deposit Compensation (hereinafter the Agency) was established on 21 November 2008 on behalf of the Republic of Belarus in the form of a state agency under the auspices of the Council of Ministers of the Republic of Belarus and the National Bank of the Republic of Belarus.
In its activities the Agency is guided by its Statute approved by Resolution of the Council of Ministers of the Republic of Belarus and the National Bank of the Republic of Belarus No.1364/13. dated 17 September 2008.
The strategic purpose of the Agency is to accumulate funds received from banks in the form of mandatory fees to replenish the Agency’s reserve fund, to manage the Agency’s reserve fund and to administer all necessary procedures to reimburse individual depositors for their funds kept in deposit accounts.
The highest management body of the Agency is the Supervisory Board.
The Agency performs its functions in compliance with Law of the Republic of Belarus No. 369-З July 2008 ‘On Guaranteed Reimbursement of Funds of Individual Persons in Deposits’.