The Agency of Deposit Compensation, ADC (Belarusian: Агенцтва гарантаванага пакрыцьця банкаўскіх укладаў (дэпазытаў) фізычных асобаў, АГПБУ) is Belarusian government agency providing deposit insurance for the deposits of natural persons. It was established in December 2008 in compliance with Belarusian laws. Yauhen Yawlashkin was appointed as its general director.[1]
Each deposit-taking financial institution in Belarus, is required to be registered with the ADC.
An unlimited state guarantee was announced on 31 July 2008 (excluding deposits belonging to 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
edit- ^ Правительство и Нацбанк Беларуси назначили главу агентства по возмещению вкладов физлиц. Новости Беларуси (in Russian). news agency «Interfax-West». 3 October 2008. Archived from the original on 5 October 2011. Retrieved 31 August 2010.
- ^ "Statute of The Agency of Deposit Compensation" (PDF). Банк сёння (in Russian). National Bank of the Republic of Belarus. Archived from the original (PDF) on 7 February 2011. Retrieved 10 November 2010.
External links
edit
- Official web-page(in Russian)
- Information about ADC(in Russian) at National Bank of the Republic of Belarus