In accordance wiith the European direcitive on Deposit Guarantee Schemes, the covered deposits should amount to 100 000 Euro. The transitional period exceeds in 2018 and for that reason, the covered amount in Norway of NOK 2 million, is expected to be reduced to EUR 100 000 from January 2019. It is not finally determined whether the current covered amount will be reduced. In order to implement EUs directives on Deposit Guarantee Schemes and Bank Recovery and Resolution, the Ministry of Finance has proposed new legislation in June 2017. The government has not proposed to reduce the current covered amount of NOK 2 million.
For further information, please contact the authorities (Ministry of Finance).