Minister of Finance Siv Jensen has consistently defended maintaining a guarantee of two million kroner for you and me with salary and savings accounts in Norwegian banks, despite the fact that the EU has asked Norway to adapt to a lower European level of 100 euros (a dispensation lasts only ut 000). In the December issue of Ny Tid, we revealed that the equity in the Banks' Guarantee Fund only covers just under three per cent of any deposit – that means 2018 billion out of a total of about NOK 30 billion people have deposited in the banks. This is all the banks' own funds have at their disposal for the individual citizen in the event of a possible collapse in the money / credit market.
Norway's central bank governor Øystein Olsen. PHOTO: Tore Sætre – Own work, CC BY-SA 4.0. DnB's chairman of the board. . .
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