Guarantee systems

Through its membership in the sub-fund of the Landesbanks and Girozentralen, Helaba enjoys the protection of the German Savings Bank Finance Group’s guarantee system. Since 3 July 2015, this proven system has also been officially certified pursuant to the Deposit Guarantee Act (EinSiG). The deposit guarantee system comprises thirteen institutions:

• The eleven support funds of the regional Savings Bank and Giro Associations.
• The sub-fund of the Landesbausparkassen
• The sub-fund of the Landesbanks and Girozentralen.

In June 2023 the general meeting of members of the German Savings Banks Association resolved to amend the statutes of the protection scheme for the Sparkassen financial group. This includes the creation of an additional fund, which must be contributed to over a period of at least eight calendar years starting in 2025, to protect the solvency and liquidity of the Sparkassen financial group institutions to which Helaba will be affiliated.
 

1. Voluntary institution protection scheme
The primary aim of the joint guarantee system is to protect the participating institutions and prevent them from suffering economic difficulties. Customer deposits are indirectly protected in line with the statutory requirements.

2. Statutory deposit guarantee scheme
The Deposit Guarantee Act (EinSiG) took effect in Germany on 3 July 2015. The government has thereby implemented an EU directive.

The Savings Bank Finance Group has adjusted to the statutory requirements. It has modified its proven deposit guarantee system and had it officially certified so that it conforms to the EinSiG.

This means that, in exceptional circumstances in which the institution protection scheme does not apply, customers have the right to claim compensation against the guarantee system. This guarantee system compensates customers for specific deposits up to 100,000 euros. The EinSiG is the applicable basis for determining deposits eligible for compensation.Would you like to know more? You can find more information in German at www.dsgv.de/sicherungssystem
 

Savings Banks and Giro Association Hesse-Thuringia’s reserve fund

For Helaba and the 46 savings banks in Hesse and Thuringia, there is an additional guarantee component: the reserve fund of the Savings Banks and Giro Association Hesse-Thuringia. It exists independently of the German Savings Bank Finance Group’s guarantee system. It is part of the Sparkassen Financial Group Hesse-Thuringia with This concept is based on a joint business model between Helaba and the savings banks.

The guarantee fund has been in effect since as early as 1 January 2004 and, in addition to institutional protection, also has a creditior-protecting effect.

• The association meeting of the Savings Banks and Giro Association Hesse-Thuringia has decided to dissolve the regional reserve fund in installments over an expected eight-year period starting in 2025. After four years, a review is planned to determine whether a partial amount will be maintained. In accordance with the statutes of the reserve fund, the total volume of the fund amounted to EUR 525 m as at 31 December 2025.