State Corporation "Deposit Insurance Agency"

The State Corporation "Deposit Insurance Agency" is a government-backed organization that protects individual depositors’ funds in banks and financial institutions. Its main role is to ensure that people’s money is safe even if a bank faces financial problems or closure. By insuring deposits, it helps maintain confidence in the banking system, prevents bank runs, and promotes financial stability. The agency collects insurance premiums from banks and, if necessary, compensates deposited customers up to a certain limit, ensuring they can access their money without losing it if their bank fails.