Deposits Guarantees

The Deposit Guarantee Law has been valid in Latvia since 1998. The law stipulates that in the event of the unavailability of deposits of natural and legal persons – clients of a credit institution (insolvency of a credit institution, revocation of a licence, statement of the fact of impossibility of reimbursing deposits) – payment of these deposits is guaranteed by the state within the framework of the deposit guarantee systems.

Payments are made in the volume and within the terms anticipated by this law from the Deposit Guarantee Fund.

Find out more on deposit protection on the webpage of the Bank of Latvia