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Bank deposits made with credit institutions registered in the territory of the European Union are insured by national deposit insurance institutions established in the country of foundation. All credit institutions (banks, savings cooperatives, credit cooperatives, housing savings funds) holding operating licences in Hungary are required to join and pay an entry fee and annual fees to the National Deposit Insurance Fund (NDIF), which has been at the depositors service since 1993. Working towards the stability of the domestic banking system, the key function of NDIF is to indemnify depositors from its accumulated assets in the event deposits are frozen. NDIF...
Deposit insurance
Orszagos betetbiztositasi alap (oba)/national deposit insurance fund of hungary operates in the Banking industry.
Orszagos betetbiztositasi alap (oba)/national deposit insurance fund of hungary's revenue is 11m - 100m
Orszagos betetbiztositasi alap (oba)/national deposit insurance fund of hungary has 11 - 50 employees.
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