Dáil Éireann Debate, Thursday - 14 May 2026
251. Deputy Pearse Doherty asked the Tánaiste and Minister for Finance the estimated amount, by total value of household deposits covered by the deposit guarantee scheme, held in financial institutions in Ireland; and if he will make a statement on the matter. [35835/26]
Amharc ar fhreagra252. Deputy Pearse Doherty asked the Tánaiste and Minister for Finance the total share of household deposits estimated to be covered by the deposit guarantee scheme held in financial institutions in Ireland; and if he will make a statement on the matter. [35836/26]
Amharc ar fhreagraI propose to take Questions Nos. 251 and 252 together.
The Deposit Guarantee Scheme (DGS) provides enhanced protection for depositors up to the value of €100,000 per person per institution. The DGS protects depositors in the event of a Credit Institution (Banks and Credit Unions) authorised by the Central Bank of Ireland (CBI) being unable to repay deposits. The level of deposit protection is harmonised across the European Union (EU), and the DGS is administered in Ireland by the CBI.
The total value of covered deposits held by credit institutions in Ireland as at the 31 December 2025 is expected to be published by the EBA shortly. For reference the total covered deposits as at 31 December 2024 was €154.233 Billion.
Please see link to EBA site for your information: www.eba.europa.eu/activities/single-rulebook/regulatory-activities/depositor-protection/deposit-guarantee-schemes-data
The total value of the DGS Contributory Fund as at the 31 December 2025 was €1.248 Billion. The figures for all previous years are available on the European Banking Authority’s (EBA) website. All Credit Institutions authorised by the CBI are required to contribute to the DGS Contributory Fund.
The current DGS Contributory Funds are attributed to contributions received from Credit Institutions for the period 2016 to 2023, which is the period during which the DGS Contributory Fund was built up in order to reach a target level of 0.8% of covered deposits. This target level was met in July 2024 and as such the CBI sought no contributions from Credit Institutions in the 2024 or 2025 contribution cycles, the CBI have advised that this remains under review.
I am advised by the CBI that Information is not provided on the amounts contributed by individual sectors, with reporting at all times completed on a combined basis for all contributing Credit Institutions.
