​​​​​​​​​​​​​​​​​​​​​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