The Polish Bank Guarantee Fund (BFG) is the legal authority responsible for managing the domestic bank deposit guarantee scheme in Poland. The main purpose of this scheme is to protect account holders in the event of a bank’s failure, ensuring that depositors’ funds remain secure. The deposit guarantee system in Poland is designed to maintain financial stability, bolster depositor confidence in the banking system, and mitigate the risk of bank runs.

In order to accomplish these objectives, the BFG guarantees deposits up to a specified limit. As of September 2021, the guaranteed amount was 100,000 euros per depositor per bank. This means that if a bank is unable to meet its obligations, the BFG will step in and reimburse depositors up to the coverage limit. The deposit insurance is funded by mandatory contributions from participating banks, which are calculated based on their risk profiles and the total amount of covered deposits.

The BFG operates as an independent legal entity under the supervision of the Polish Financial Supervision Authority (PFSA). Its organizational structure comprises a Management Board, Supervisory Board, and an Audit Committee. The Management Board is responsible for the day-to-day operations, while the Supervisory Board oversees the overall functioning of the BFG. The Audit Committee assists the Supervisory Board in supervising the financial reporting and internal control processes.

The contact information for the Polish Bank Guarantee Fund is as follows: Address: ul. Ks. Ignacego Kłopotowskiego 21, 03-719 Warsaw, Poland Phone: +48 22 583 0800 Email: [email protected] Website: