Which deposits are guaranteed under the Deposit Guarantee Scheme in Slovenia?
1. What is a guaranteed deposit?

A guaranteed deposit of an individual depositor (a private individual, a private individual independently engaged in business activities, a sole trader or a legal entity that does not satisfy the criteria for being classed as a large or medium-size enterprise) at a bank is the net deposit as at the day that bankruptcy proceedings are initiated against the bank up to a total of EUR 100,000.

The net deposit is the sum or total balance of all the deposits of an individual depositor, minus any unpaid and overdue liabilities to the bank or savings bank.

Example 1:
Janez has a transaction account at a bank in which he currently holds EUR 1,530, and a 3-year deposit in the amount of EUR 2,000 (maturing on 12 January of next year). At the same bank he recently raised a car loan of EUR 5,000, the first instalment of which in the amount of EUR 330 should have been paid three days ago, but he forgot.
Calculation of Janez’s guaranteed deposit:
1,530 + 2,000 – 330 = EUR 3,200
The pertaining interest up to the day of the bank’s bankruptcy would also be added to this sum.

Example 2:
A company classed as a small business has the following at a bank: a transaction account in which it currently holds EUR 11,530 and a 3-year deposit in the amount of EUR 200,000 (maturing on 12 January of next year). It recently raised a loan at the same bank in the amount of EUR 500,000 to purchase machinery, but failed to pay one instalment of EUR 3,330 on time.
Calculation of the company’s guaranteed deposit:
11,530 +200,000 – 3,330 = EUR 208,200
Given the aforementioned limit on the total guaranteed deposit, the company would be entitled to the payment of the guaranteed deposit in the amount of EUR 100,000 (or the full amount, in the event of a bankruptcy no later than 31 December 2010, including the pertaining interest). The remainder is automatically registered as a claim in the bankruptcy proceedings against the bank.

2. Are all types of deposit guaranteed under the scheme in Slovenia?

Deposits based on a current account, savings deposits, cash deposits, and certificates of deposit and bills, provided that they are issued as registered securities and are registered in the name of the relevant person, are all covered by the guarantee.

A depositor’s other claims against the bank are also classed as deposits for the purpose of the guarantee . The law defines them as money remaining in an account or positive balances that are the result of ordinary banking transactions that the bank must repay in accordance with current legal and contractual terms.

3. Are there deposits that are not guaranteed?

Yes, the following deposits are not covered by the guarantee:

deposits deriving from bonds and other registered debt securities other than certificates of deposit and bills, where they are registered to a name,
deposits which, due to their characteristics, are taken into consideration in the calculation of the banks' own funds,
deposits arising out of transactions for which the holder of the deposit has been convicted by final judgment for the criminal offence of money laundering,
bearer deposits and deposits that are in any way anonymous or for which the depositor cannot be identified because the bank does not have the information about the deposit holder at its disposal. Substantively these are deposits registered to the bearer, and password-activated deposits from the past, where the identification of the deposit holder has not yet been made.
It is recommended that all depositors who are holders of anonymous deposits or deposits for which the bank did not require basic registration information when being opened contact their banks and provide their information. Only in this way can such deposits be covered by the guarantee, once the other conditions are met.
4. Are the deposits of all depositors guaranteed?

No. The following deposits are not covered by the guarantee:

deposits of other banks and financial corporations invested in their own name and for their own account,
deposits of central governments, central banks and local governments, and deposits of legal entities that are funded directly or indirectly by central government or local government budgets,
deposits of legal entities that are classed as large or medium-size enterprises under the ZGD-1, or that satisfy the relevant criteria for the same (the same applies to sole traders’ deposits),
deposits of shareholders in the bank that hold at least 5% of the bank’s capital or voting rights,
deposits of legal entities that are subsidiaries of the bank,
deposits of all types of fund (undertakings for collective investment [open and closed investment funds]), pension funds’ deposits and deposits in insurance corporations’ assets covering technical provisions.
5. Are deposits at all banks guaranteed?

Yes, deposits at all banks and savings banks providing banking services in Slovenia are covered by the guarantee. A public notice of the Bank of Slovenia and the Slovenian Banking Association about the deposit guarantee is published at the premises of banks and savings banks (http://www.zbs-giz.si/system/file.asp?FileId=3166). The law stipulates that:

deposits at banks and savings banks established in Slovenia that have obtained a Bank of Slovenia authorisation to provide banking services are guaranteed under the Deposit Guarantee Scheme in Slovenia;
deposits at banks from Member States that provide banking services in Slovenia directly or through a branch are guaranteed under the deposit guarantee scheme in the country in which the bank is established;
deposits at a branch of a bank from a third country (a bank established in a country outside the EEA) that holds a Bank of Slovenia authorisation to establish a branch are guaranteed either under the deposit guarantee scheme in the country in which the bank is established or by means of mandatory participation in the Deposit Guarantee Scheme in Slovenia as required by the Bank of Slovenia. There are no branches of a bank of a third country in Slovenia at present.
Banks covered by the Deposit Guarantee Scheme in Slovenia display a sticker marked “Banka Slovenije: Dovoljenje za opravljanje bančnih storitev” (Bank of Slovenia: Authorisation to Provide Banking Services).

Branches of banks of Member States do not display the sticker, because they have obtained the authorisation to provide banking services in their home country.