Agency of Deposit Compensation of Belarus
Encyclopedia
The Agency of Deposit Compensation, ADC — Belarus
an organization, providing deposit insurance
of deposits of natural person
s. It was created in December, 2008 in compliance with Belarusan laws. Yauhen Yawlashkin was appointed as its general director.
Each bank
or savings and loan organization in Belarus, having the ability of deposit formation, should be registered in the ADC.
An unlimited state guarantee was announced since July 31 2009 (except deposits belonging to the 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
.
Belarus
Belarus , officially the Republic of Belarus, is a landlocked country in Eastern Europe, bordered clockwise by Russia to the northeast, Ukraine to the south, Poland to the west, and Lithuania and Latvia to the northwest. Its capital is Minsk; other major cities include Brest, Grodno , Gomel ,...
an organization, providing deposit insurance
Deposit insurance
Explicit deposit insurance is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due...
of deposits of natural person
Natural person
Variously, in jurisprudence, a natural person is a human being, as opposed to an artificial, legal or juristic person, i.e., an organization that the law treats for some purposes as if it were a person distinct from its members or owner...
s. It was created in December, 2008 in compliance with Belarusan laws. Yauhen Yawlashkin was appointed as its general director.
Each bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
or savings and loan organization in Belarus, having the ability of deposit formation, should be registered in the ADC.
An unlimited state guarantee was announced since July 31 2009 (except deposits belonging to the 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
Government of Belarus
The Council of Ministers of the Republic of Belarus is the executive branch of state power in Belarus, and it is appointed by the President of Belarus...
and to National Bank of Belarus
National Bank of the Republic of Belarus
The National Bank of the Republic of Belarus is the central bank of Belarus, located in the capital city, Minsk. The bank was created in 1922 under the name of "Belarusian Republican Bank" by the Soviet of People's Commissars of Beylorussia, but soon worked under the direction of the State Bank of...
.
External links
- Official web-page
- Information about ADC at National Bank of the Republic of BelarusNational Bank of the Republic of BelarusThe National Bank of the Republic of Belarus is the central bank of Belarus, located in the capital city, Minsk. The bank was created in 1922 under the name of "Belarusian Republican Bank" by the Soviet of People's Commissars of Beylorussia, but soon worked under the direction of the State Bank of...