June 27, 2011 @ 10:32 am

Bank Guarantee Scheme Extended

The Department of Finance announced earlier this month that the European Commission had apporved the extension of the Government bank guarantee scheme until the end of 2012.

This scheme operates alongside the existing statutory deposit protection scheme which covers retail deposits of €100,000 per qualifying depositer per institution. This applies to funds held in Irish banks and credit unions and has no closing date.

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