Objective of the Guarantee Fund


  • The objective of the Fund is to guarantee protection of funds of depositors, investors, unit-holders and policyholders of mandatory funded pensions, and thereby to increase the reliability and stability of the financial sector.


Legal acts regulating the activities of the Guarantee Fund

  • Guarantee Fund Act
  • Statutes of the Guarantee Fund
  • Decrees of Eesti Pank (Bank of Estonia)
  • Decrees of Ministry of Finance
  • Directives of European Union



Notice to the depositors of Versobank AS

On 26th of March 2018, the European Central Bank, as proposed by Finantsinspektsioon, withdrew the authorisation of Versobank AS to operate as a credit institution. The Guarantee Fund started disbursing compensations through Swedbank and SEB Pank on 5th of April 2018.
If you have not got you compensation from the Guarantee Fund as Versobank client or your deposit was over the limit of EUR 100,000 per depositor, you should take contact with Versobank AS’ liquidator.

Contact Versobank AS’ liquidators

The liquidators are Certified Public Accountant Eero Kaup (Partner at KPMG Baltics OÜ), Internal Auditor Viljar Alnek (Head of Internal Audit Services at KPMG Baltics OÜ) and Attorney-at-Law Ksenia Kravtšenko (Law Office KPMG Law OÜ). 
Telephone: +372 5679 8500
e-mail: versobank@kpmg.ee
Address: Versobank
Hallivanamehe 4, 11317 Tallinn

Information Versobank AS depositors


Information to the holders of securities accounts





Compensation for deposits

Deposits shall be guaranteed and compensated for to the extent of 100 per cent but not more than in the amount of 100 000 euro per depositor in any one credit institution. More


Compensation for investments

Investments shall be guaranteed and compensated to the extent of 100 per cent but not more than in the amount of  20 000 euro per investor in any one investment institution. More


Compensation of losses caused to the unit-holders of a mandatory pension fund

A unit-holder shall be compensated in full for loss in the amount of up to 10 000 euro. Any loss exceeding 10 000 euro shall be compensated for to the extent of 90 per cent. More


Supporting the transfer of insurance contracts for a mandatory funded pension

The obligations arising from insurance contracts shall be supported in full to the extent of monthly funded pension payments up to 128,45 euro. The amount which exceeds the national pension rate shall be guaranteed for to the extent of 90 per cent. More