Key performance indicators of the Deposit Insurance Fund in 2024

The public institution „Indėlių ir investicijų draudimas” (hereinafter referred to as IID) began 2024 with a new status of a public institution, continuing its main mission – to ensure the stability and reliability of deposit and investment insurance systems in Lithuania.

The year 2024 was full of challenges, which were determined by the changing economic environment and fluctuations in financial markets. Nevertheless, IID effectively managed risks, ensured the stability and reliability of insurance funds and implemented significant strategic projects. The organization actively participated in international initiatives, the review of international legal acts (CMDI), and closely cooperated with the European Deposit Insurance Association (EFDI), the European Banking Authority and other international organizations, aiming to share good practices and strengthen insurance systems in the country.

 

We share the main successfully implemented projects:

  • An important event in 2024 was the establishment of a new annual periodic (ex ante) deposit insurance premium rate by order of the Minister of Finance of the Republic of Lithuania, the implementation of which was administered by IID extremely smoothly. Considering the increased financial resources of IID, in 2024 IID’s investment income grew by 35.3 percent, and profit – by 36.9 percent. compared to 2023.
  • IID participated in the 2024-2028 public financial education action plan approved by the Ministry of Finance of the Republic of Lithuania, carried out educational activities in schools, universities, third-age universities, and contributed to initiatives organized by the Bank of Lithuania and Lithuanian Junior Achievement.

 

Key performance indicators of the Deposit Insurance Fund for 2024:

  • In 2024, investment income amounted to 148.3 thousand euros. Compared to 2023, it increased by 38.7 thousand euros or 35.3 percent.
  • As of the end of 2024, credit institutions participating in the Lithuanian Deposit Insurance System had accumulated the amount of basic insured deposits of 38,567,938.7 thousand euros, and the number of depositors was 32,352 thousand people. Basic insured deposits increased by 28.9 percent over the year.
  • Financial resources accumulated in the Deposit Insurance Fund at the end of 2024 amounted to 371,260.9 thousand euros

 

Although the economic environment requires flexibility and a strategic approach, IID is ready to implement the set goals and further strengthen its position as a reliable and stable insurance system administrator.

 

2025 will be the year of improving the efficiency of operations and processes, reliable risk management and strengthening the quality of the deposit insurance system.

 

You can find more information about the performance indicators of the funds administered by IID here.