Blog

Deposit guarantee for municipalities …

Due to the current occasion and in connection with the collapse of the Commerzialbank Mattersburg, we expressly point out that the portfolio idea should also prevail with investments as well as savings. In principle, state deposit insurance is also available for institutions with EUR 100,000 per customer and bank, although there are exceptions to the law, particularly for government agencies (Section 10 ESAEG). Unfortunately, the municipalities are negatively affected …

Keep that in mind even when it comes to the subject of Custody of deposits.


Contact us: We are happy to support you.


See Einlagensicherung AUSTRIA Ges.m.b.H…

About The Author

Heinz Hofstaetter
Over 20 years of international experience in senior management positions in the areas of consulting, banking, finance, asset management, valuation and Real Assets.