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Interventions

Interventions from 1987 to now

From its beginning, FITD has done a total of 16 interventions. Four interventions were done in the period 1987 to 1996 when membership of the Fund was voluntary. In 1997, membership became mandatory when Directive 94/19/EC was incorporated into Italian law. Since then, 12 interventions were done, of which 6 in the period 2016-2022 in the regulatory framework following the reception of DGSD.

The ways we intervene
to protect your deposits


01

Reimbursement of depositors

If a member bank is liquidated, FITD steps in to reimburse depositors up to the limit set by law of 100,000 euro for each depositor, thus protecting their savings. Reimbursement is done within 7 working days from the date on which the provision on the unavailability of deposits or compulsory administrative liquidation of the bank takes effect.

02

Interventions alternative to reimbursement

FITD can take alternative measures to protect depositors in cases where the bank is liquidated, by giving support for the transfer of assets and liabilities, including deposits, from the bank in liquidation to another bank.<br />This type of intervention aims to ensure that deposits have access to its funds on an ongoing basis.

03

Preventative interventions

FITD plays an active role in preventing bank crises. It collaborates with the member banks and the supervisory Authority to detect early any signs of risk by constant monitoring of how sound they are. The aim is to prevent adverse situations before they occur. These measures could be by providing loans or by purchasing shares to guarantee that the bank continues operating.

04

Financing resolution

If a bank is put in resolution in accordance with EU or national legislation, FITD can contribute to financing the resolution to protect depositors. This intervention aims to guarantee that depositors can continue to have access to their funds. In this way, there is limited negative impact on confidence and financial stability.
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3.3 billion euro

On total interventions of 3.3 billion euro, FITD safeguarded deposits for about 29 billion euro.

Reimbursement of depositors
2 interventions (Art. 11.1 DGSD) - 77 million euro

Alternative interventions
9 interventions by transfer of assets and liabilities (Art. 11.6 DGSD) - 798 million euro

Preventative interventions
5 (Art. 11.3 DGSD) - 2,460 million euro

Resolution financing
No interventions of this kind have been carried out (Art. 11.2 DGSD)

Bank Year Type of intervention Amount in mln €
Banca Carige 2022 Support intervention 530.0
Aigis Banca 2021 Transfer of assets and liabilities 48.8
Banca Popolare di Bari 2020 Support intervention 1,170.0
Banca Carige 2019 Support intervention 301.0
Banca del Fucino 2019 Support intervention 30.0
Banca Base 2018 Transfer of assets and liabilities 530.0
Banca Popolare delle Province Calabre 2016 Transfer of assets and liabilities 1.4
Banca Network Investimenti 2012 Reimbursement of depositors 73.9
Banca MB 2011 Transfer of assets and liabilities 40.0
Banco Emiliano Romagnolo 2011 Support intervention 16.0
Banca Valle d'Itria e Magna Grecia 2010 Transfer of assets and liabilities 5.0
Sicilcassa 1997 Transfer of assets and liabilities 516.5
Credito Commerciale Tirreno 1997 Transfer of assets and liabilities 51.4
Banca di Credito di Trieste 1996 Transfer of assets and liabilities 86.8
Banca di Girgenti 1991 Transfer of assets and liabilities 43.9
Banco di Tricesimo 1990 Reimbursement of depositors 3.4
Cassa di Risparmio di Prato 1988 Support intervention 413.2
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