Article 121 is in the process of being amended to remove a contradiction from the current legislation. According to Article 121, paragraph 2: “Safety and compensation of individuals’ deposits in banks created by the state and in banks where the state has more than fifty percent of voting shares are guaranteed by the state in the procedure established by legislative acts of the Republic of Belarus.” Whereas the resolution of the Board of the NBB of March 29, 2001, N 75 which lays out the rules for Article 121 of the Banking Code (March 29, 2001, N75), establishes a guarantee for the compensation of citizens’ resources in Belarusian rubles by banks created and registered in accordance with the legislation of the Republic of Belarus. Currently article 121 is being amended and paragraph 2 will be removed from the legislation, in order to remove this contradiction.
Poisk Bank is excluded due to its current poor financial state.
Per deposit account per bank up to EUR 2,000 equivalent in full and 80 percent of from EUR 2000 to EUR 5,000 equivalent; with maximum coverage per individual per bank EUR 5,000 equivalent.