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Deposit Guarantee Fund

The deposit refund guarantor is the Deposit Guarantee Fund acting pursuant to the Republic of Armenia Law ‘On Guarantee of Remuneration of Bank Deposits of Physical Entities’.


The limits for the deposit refund as prescribed under the law are as follows:
• For deposits in Armenian drams (AMD) only, the guaranteed deposit amount is AMD 4 million.
• For FX-denominated deposits only, the guaranteed deposit amount is AMD 2 million.
• If the depositor has deposits denominated both in AMD and foreign currency with AMD-denominated deposit amount exceeding AMD 2 million, the insurance applies to AMD-denominated deposit in the amount up to AMD 4 million.
• If the depositor has deposits denominated both in AMD and foreign currency with AMD-denominated deposit amount less than AMD 2 million, the insurance covers the AMD-denominated deposit in full value while the refund for the FX-denominated amount is equal to AMD 2.0 million less the amount of reimbursed.