Czech Finance Ministry not to raise guarantees for bank deposits

The Czech Finance Ministry is currently not considering raising guarantees for bank deposits due to the word financial crisis, its spokesman Ondřej Jakob has said. Bank deposits have been insured up to 25,000 Euros, which is in line with the law on banks from the year 2001. The Czech National Bank said it didn’t see any reasons for raising the limit either. Ireland and Germany have recently said they would guarantee all deposits in banks in order to raise confidence in the banking sector. Denmark and Austria too plan to adopt these measures.