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

Interventions

The ways we intervene to protect your deposits

01

Reimbursement of depositors

02

Interventions alternative to reimbursement

03

Preventative interventions

04

Financing resolution

3.3 billion euro

The ways we intervene
to protect your deposits