About Us

The Entschädigungseinrichtung deutscher Banken GmbH (EdB) (Compensation Scheme of German Private Banks) is a wholly-owned subsidiary of the Association of German Banks. It was entrusted by the German Federal Finance Ministry with the task of running the statutory deposit guarantee and investor compensation scheme for the private banks in Germany. 

The EdB’s job is to compensate the creditors of a bank assigned to it where the bank is unable to repay deposits. Liabilities arising from securities transactions conducted by a credit institution (i.e. bank) as defined in the EU Capital Requirements Regulation (CRR) are also deemed to be deposits. 

The funds required for compensation purposes are raised by way of contributions from the banks assigned to the EdB. 

As an ‘entrusted compensation scheme’, the EdB performs a public – and thus sovereign – function. It is subject to supervision by the German Federal Financial Supervisory Authority (BaFin). 

You will find all the banks assigned to the EdB here.

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