In accordance with 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. The Norwegian Parliament passed a new law on March 6, 2018, effective from January 1, 2019. However, it is not finally determined whether the current covered amount will be reduced. The authorities are still working on keeping the NOK 2 million limit also after 2018.
For further information, please contact the authorities (Ministry of Finance).