Agency of Deposit Compensation of Belarus
The Agency of Deposit Compensation, ADC (Belarusian: Агенцтва гарантаванага пакрыцьця банкаўскіх укладаў (дэпазытаў) фізычных асобаў, АГПБУ) — Belarusian organization, providing deposit insurance of deposits of natural persons. It was created in December, 2008 in compliance with Belarusian laws. Yauhen Yawlashkin was appointed as its general director.[1]
Each bank or savings and loan organization in Belarus, having the ability of deposit formation, should be registered in the ADC.
An unlimited state guarantee was announced since July 31 2009 (except deposits belonging to the individuals registered as sole traders). Interest yields insurance is not guaranteed by the law.
The Agency of Deposit Compensation is a public institution and is accountable to the Council of Ministers of Belarus and to National Bank of Belarus.[2]
References
- ↑ Правительство и Нацбанк Беларуси назначили главу агентства по возмещению вкладов физлиц. Новости Беларуси (in Russian). news agency «Interfax-West». 3 October 2008. Retrieved 31 August 2010.
- ↑ "Statute of The Agency of Deposit Compensation" (pdf). Банк сёння (in Russian). National Bank of the Republic of Belarus. Retrieved 10 November 2010.
External links
- Official web-page(Russian)
- Information about ADC(Russian) at National Bank of the Republic of Belarus