Deposit Guarantee Fund levies
To finance the Dutch Deposit Guarantee, the Deposit Guarantee Fund (DGF) was built up with contributions by the banks. The DGF is a separate legal entity which is supported by DNB in performing its duties. If the financial means in the fund are insufficient, DNB will set extraordinary contributions (ex post). To ensure that financial means are available on time, DNB can ask the banks to make an advance payment on such extraordinary contributions. In addition, the DGF has the option of attracting funding from third parties. This page provides information on the financing of the Deposit Guarantee Scheme (DGS).
Ex ante fund: contributions and risk methodology
Banks pay quarterly contributions to the DGF since 2016. By 2024 the available financial means in the fund have reached the target level of 0.8% of the deposits covered by the DGS. For the size of the fund at the end of last year, please refer to the most recent annual report of the DGF, which manages the fund. For this purpose, the DGF has a collective and an individualised component. Each quarter, DNB determines what contribution banks individually have to make based on the deposit base of the individual bank and of all banks together. If the covered deposits have increased since the previous calculation of the levies, then supplementary contributions will be set. For a more detailed explanation see the Fact sheet on Contributions to the DGF.
Banks' contributions to the collective part of the fund are determined on the basis of a risk methodology. For this risk weighting, DNB divides banks into four risk categories using different indicators. The risk methodology is laid down in a supervisory regulation by DNB. For a more detailed description see the Factsheet on DGS risk methodology.
The risk methodology for the Dutch Deposit Guarantee was last amended on 1 December 2022. In the past, the risk methodology was laid down in a ministerial regulation. After the 2024 amendments to the Decree on Special Prudential Measures, Investor Compensation and Deposit Guarantees under the Wft (in Dutch: de bijzondere prudentiële maatregelen, beleggerscompensatie en depositogarantie Wft, Bbpm), DNB can amend the risk methodology by means of the supervisory regulation.
Extraordinary contributions (ex post)
When the DGS has to repay depositors but the available financial means in the fund are not sufficient to finance the payments, extraordinary contributions are levied. DNB determines these contributions ex post. In order to have financial means available in time, DNB can ask the banks for an advance payment. For a more detailed description see the Factsheet on Extraordinary Contributions DGS.
Third-party funding
If the DGF needs to mobilise means for financing a DGS payout, and the means in the fund and the extraordinary contributions are not made available in time, or are insufficient, the DGF can also attract funding from third parties to bridge the gap. For this purpose, the DGF has entered into a credit facility agreement with a banking consortium. Finally, the DGF can also apply for a loan from the State.
Deposit Guarantee Fund
The DGF was established, as a separate legal entity, in late 2015 to fund the Dutch DGS. The DGF is a legal entity incorporated under public law with registered office in Amsterdam. The DGF's task is to manage the available financial means and ensure they are made available when needed for the execution of the DGS. If a bank should fail, the DGF will fund the repayable amounts that were established by DNB. The DGF can also be deployed to fund resolution instruments. DNB supports the DGF in performing its tasks but, as central bank, is not required to pre-finance DGS compensation since this would contravene the prohibition on monetary financing. On this page you can find the annual reports of the DGF, which offer insight into the activities and developments of the DGF.
Downloads
- Evaluatie en herkalibratie risicomethodiek Nederlandse Depositogarantie - juli 2022 (Dutch only) (20 July 2022 | 487KB PDF)
Fact sheets
- Factsheet DGS risk methodology 2024 (04 December 2024 | 180KB PDF)
- Factsheet extraordinary contributions for the DGS 2024 (04 December 2024 | 103KB PDF)
- Factsheet on DGS risk methodology 2017 (84KB PDF)
- Factsheet on Setting and collecting extraordinary contributions or advance payments for the DGS 2021 (29 February 2024 | 144KB PDF)
- Factsheet Contributions to the DGF 2024 (16 August 2024 | 110KB PDF)
Deposit Guarantee Fund – Annual Reports
- Annual report for 2023 Deposit Guarantee Fund (225KB PDF)
- Annual Report for 2022 Deposit Guarantee Fund (31 May 2023 | 230KB PDF)
- Annual Report for 2021 Deposit Guarantee Fund (25 April 2022 | 196KB PDF)
- Annual report for 2020 Deposit Guarantee Fund (20 April 2021 | 244KB PDF)
- Annual report for 2019 Deposit Guarantee Fund (12 February 2021 | 194KB PDF)
- Annual report for 2018 Deposit Guarantee Fund (12 February 2021 | 250KB PDF)
- Annual report for 2017 Deposit Guarantee Fund (12 February 2021 | 141KB PDF)
- Annual report for 2016 Deposit Guarantee Fund (12 February 2021 | 113KB PDF)
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