Audited Deposit Guarantee Fund financial statements 2025 (Spanish)
Deposit Guarantee Fund
What is the Deposit Guarantee Fund?
Select the subtopic to view the documents and information.
- What is the Deposit Guarantee Fund?
- Contributing entities
- Financial information
- Guaranteed products
- Regulatory framework
- Reports
Definition:
The Deposit Guarantee Fund (DGF) was created by Law No. 9816, Law for the creation of the Deposit Guarantee Fund and resolution mechanisms for financial intermediaries, to guarantee a maximum of up to ₡6,000,000.00 of deposits that individuals and legal entities maintain in financial intermediaries supervised by the General Superintendency of Financial Entities (Sugef), with the exception of the Banco Hipotecario de la Vivienda (Banhvi), as well as savings and loan mutuals.
The objective of this law is to strengthen the financial safety net of the national financial system; creation of the DGF is intended to protect the most vulnerable, less sophisticated and smaller depositors and savers.
Governance:
The Deposit Guarantee DGF is created as an autonomous asset; the Central Bank of Costa Rica is responsible for the administration of the DGF, while the issuance of its technical regulations is the responsibility of the National Council for the Supervision of the Financial System (Conassif).
Contributing entities
The financial intermediaries supervised by the General Superintendency of Financial Entities contributing to the DGF are grouped into the following categories:
Banco de Costa Rica
Banco Nacional de Costa Rica
Banco Popular y de Desarrollo Comunal
Banco BAC San José S.A.
Banco BCT S.A.
Banco Cathay de Costa Rica S.A.
Banco CMB Costa Rica S.A.
Banco Davivienda Costa Rica S.A.
Banco General Costa Rica S.A.
Banco Improsa S.A.
Banco Lafise S.A.
Banco Promérica de Costa Rica S.A.
Prival Bank Costa Rica S.A.
Scotiabank de Costa Rica S.A.
Financiera CAFSA, S.A.
Financiera Comeca S.A.
Financiera Monge S.A.
Financiera Multimoney S.A. (antes Financiera Gente S.A.)
Cooperativa de Ahorro y Crédito Alianza de Pérez Zeledón R.L (COOPEALIANZA R.L.)
Cooperativa de Ahorro y Crédito ANDE No. 1, R.L. (COOPEANDE No. 1 R.L.)
Cooperativa de Ahorro y Crédito Antonio Vega Granados R.L. (COOPAVEGRA R.L.)
Cooperativa de Ahorro y Crédito de la Comunidad de Ciudad Quesada R.L. (COOCIQUE R.L.)
Cooperativa de Ahorro y Crédito de la Comunidad de Grecia R.L. (COOPEGRECIA R.L.)
Cooperativa de Ahorro y Crédito de los Empleados del Banco Popular y de Desarrollo Comunal R.L. (COOPEBANPO R.L.)
Cooperativa de Ahorro y Crédito de los Empleados del Instituto Costarricense de Acueductos y Alcantarillados R.L.
Cooperativa de Ahorro y Crédito de los Empleados del Ministerio de Educación Pública R.L. (COOPEMEP R.L.)
Cooperativa de Ahorro y Crédito de los Empleados del Sector Público Privado e Independiente R.L. COOPEFYL R.L.)
Cooperativa de Ahorro y Crédito de los Empleados Universitarios Estatales R.L.
Cooperativa de Ahorro y Crédito de los Trabajadores del Sector Público Costarricense y las Empresas del Sector Salud R.L. (COOPECAJA R.L.)
Cooperativa de Ahorro y Crédito de San Marcos de Tarrazú R.L. (COOPESANMARCOS R.L.)
Cooperativa de Ahorro y Crédito de Servidores Judiciales R.L. (COOPEJUDICIAL R.L.)
Cooperativa de Ahorro y Crédito para el Desarrollo, R.L. (CREDECOOP R.L.)
Cooperativa de Ahorro y Crédito Refaccionario de la Comunidad de San Ramón R.L. (COOPESANRAMON R.L.)
Cooperativa de Ahorro y Crédito Refraccionario de Alfaro Ruiz R.L. (COOPECAR R.L.)
Cooperativa de Ahorro y Crédito y Servicios Múltiples de los Médicos R.L. (COOPEMEDICOS R.L.)
Cooperativa Nacional de Educadores R.L. (COOPENAE R.L.)
Caja de Ahorro y Préstamo de la Ande
Sanctioned entities
In this section, the entities that fail to comply with their payment obligations will be indicated, in the terms specified by the Law and those defined by the Sugef regulations, prior to ordinary administrative procedures opened for that purpose, in accordance with the terms of General Law 6227 on Public Administration.
Financial information
Assets
In accordance with Article 14 of the Law, the DGF will have its own assets, separate from the assets of the Central Bank, consisting of the following resources:
a) Contributions made by taxpaying entities and fines collected.
b) Additional contributions that contributing entities make voluntarily and that will be considered for purposes of determining the amount of their periodic contributions.
c) Resources of supervised taxpaying entities transferred by the Central Bank under instructions from the resolution authority, originating from the use of the minimum reserve requirement and the liquidity reserve or, in the case of the Banco Popular y de Desarrollo Comunal, originating from the guarantees established for these purposes in the Guarantees Trust of the Central Bank's Payment System, according to the provisions of Articles 16 and 24 of the Law.
d) The profits of the DGF in each financial year.
e) Contributions and donations from individuals or public or private, national or international institutions.
f) The contribution of resources from other Funds, public or private, of a similar nature (...)
g) Recovery of payments made during the resolution processes of taxpaying entities or for payment of guaranteed amounts.
h) Deposit coverage not collected by the saver or investor within a period of four years, counted from the moment Conassif orders payment to the depositors, according to the resolution process for supervised taxpaying entities.
Administrative and operation costs
As established in Article 21 of the Law, the Central Bank, as administrator, will charge for services provided to the DGF. The annual expenses for administration and operation of the DGF will be determined by a budget prepared by the DGF administrator and approved by the Board of Directors of the Central Bank. The budget may not exceed seven-point five percent (7.5%) of the total annual amount of contributions.
The Central Bank may finance, totally or partially, the costs of DGF administration and operation, when it does not have sufficient resources for such purposes. The interest rate for this financing will be charged to the DGF, and its term will be established by the Board of Directors of the Central Bank.
Audited financial statements
Guaranteed products
The resources of the DGF will provide coverage to all deposits or savings, on demand or fixed term, maintained by natural and legal persons in taxpaying entities. The maximum guaranteed amount will be six million colones (₡6,000,000.00) per person and per entity, regardless of the currency in which such savings have been established; this amount must be adjusted to maintain the value of the money through time, according to the methodology defined in regulations issued by the Conassif. The deposit guarantee will be paid only to the original owner of the deposit or the designated beneficiary, in the event of the death of the original owner, and will cover only the principal amount, not interest.
The special coverage conditions can be consulted in Articles 22 and 23 of Law No. 9816, Law for the creation of the Deposit Guarantee Fund and resolution mechanisms for financial intermediaries.
Number of depositors and amount covered by the Deposit Guarantee Fund, by contributing entities
This information is published in compliance with Article 33 of the DGF Regulations.
Guaranteed Products (Spanish)
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Regulatory framework
The current regulations governing the activity of the Deposit Guarantee Fund specified in:
Reports
The purpose of this section is to present annual and other reports produced while carrying out the activities of the DGF.
2025 Annual Report (Spanish)
2024 Annual Report (Spanish)
2022 Evaluation report on procedures, risk management, information technologies and the administrative structure of the Fund (Spanish)
2021 Evaluation report on procedures, risk management, information technologies and the administrative structure of the Fund (Spanish)