In 2024, 136 companies with an obligation to pay contributions were covered by the Deposit Guarantee Fund: 60 banks, including 4 foreign banks having applied for supplementary coverage in Denmark and 5 banks in the Faroe Islands and Greenland. 6 mortgage credit institutions, 4 investment managers and 11 managers of alternative investment funds were also covered. These companies were distributed among four departments:

The Deposit Guarantee Fund generated a surplus of DKK 321 million in 2024 (2023: a surplus of DKK 404 million). The surplus was attributable to interest income on the securities portfolio and deposits with Danmarks Nationalbank in the amount of DKK 116 million and market value gains on the securities portfolio of DKK 193 million. As a result of mergers in the sector, a net amount of DKK 5 million in contributions to/from the Swedish and Dutch deposit guarantee schemes was expensed in 2024.

At 31 December 2024, the Deposit Guarantee Fund had total assets of DKK 12.6 billion. Of these assets, the Banking Department accounted for DKK 9.1 billion and the Restructuring Department accounted for DKK 3.5 billion, DKK 3.2 billion of which consisted of commitments. In addition, the Mortgage Credit Department had assets of DKK 11 million and the Investment and Portfolio Management Department had assets of DKK 13 million.

In 2011, the Restructuring Department issued loss guarantees to Finansiel Stabilitet in connection with the resolution of Amagerbanken af 2011 (FS Finans III A/S) and Fjordbank Mors af 2011 (FS Finans IV A/S). The loss guarantees ceased in connection with the solvent liquidation of FS Finans IV A/S in the autumn of 2024 and of FS Finans III A/S in January 2025.

The assets of the Banking Department must equal 0.8% of the banks’ covered deposits. The annual contribution is determined as the amount required to meet the target level within a period of up to six years. If the assets exceed the determined target level, the obligation to contribute will cease. The obligation to contribute will resume if the assets fall below the determined target level. The individual contributions of the comprised banks is determined on the basis of a ratio-based contribution model. No contributions were collected in 2024.

At 31 December 2024, the assets of the Banking Department amounted to DKK 9.1 billion, against a determined target level of DKK 7.1 billion. As the assets exceeded the target level by an excess coverage of DKK 2 billion, no contributions were collected for the Banking Department in 2024. Based on applicable rules in the area, the calculation of the target level of total assets currently does not take into account deposits serving certain social purposes.

The most recent study made in August 2023 indicates that deposits serving certain social purposes in Denmark amount to approximately DKK 200 billion. When these are added to the calculation of the Banking Department’s target level, the level grows to approximately DKK 8.7 billion, substantially reducing the excess coverage.

The Investment and Portfolio Management Department is required to have total assets of at least DKK 10 million, consisting entirely of commitments. No cash contributions are collected, but adjustments are made to the commitments.

The Restructuring Department is required to have total assets of DKK 3.2 billion in commitments for resolution purposes. As the Department incurred no losses in 2024, it was not necessary to collect cash contributions. Instead, commitments were redistributed among the banks in the Department.

The Mortgage Credit Department is required to have total assets of at least DKK 10 million. However, the part of the assets collected on the basis of the covered funds must total at least DKK 2.5 million of the total assets. As the assets have reached the target level and Danish mortgage credit institutions no longer have covered cash funds, no cash contributions are collected. Finansiel Stabilitet only carries out an adjustment of commitments totalling DKK 7.5 million.