Insurance of individuals' deposits
The deposits of individuals in Stopanska banka AD - Skopje are insured with the Deposit Insurance Fund.
According to the Law on the Deposit Insurance Fund (Official Gazette No.63/2000, 29/2002, 43/2002, 49/2003, 81/2008 and 158/2010), the banks insure the deposits of individuals in the Deposit Insurance Fund while the Fund indemnifies the deposit owners.
The following categories are identified as deposits:
· Local and Foreign Currency Deposits
· Transactional Accounts
· Deposits linked to payment cards
· Foreign currency inflow of individuals
According to the latest changes of the Law on the Deposit Insurance Fund, the Fund indemnifies insured deposits up to EUR 30.000 in Local Currency counter value per each deposit in one bank, branch or foreign bank branch, or savings house calculated according to the middle exchange rate of NBRM on the day of the permit cancelation for the bank operations. The law came into force on 17.12.2010.
The indemnification is executed in Local Currency.