The deposit insurance scheme is a system established in 1993 by the banking Law in order to provide protection to depositors against any losses due to the unavailability of their deposits and other repayable funds.

The deposit insurance system is an integral part of the financial security net protecting the banking sector and that aims at ensuring the financial stability.

The Collective Deposit Guarantee Fund (FCGD) is a fund created by the 1993 banking Law and is financed by the annual contributions of members institutions of the deposit insurance system. This fund is managed by the Moroccan Deposit Insurance Corporation which was created by the 2014 banking Law. The modalities and conditions of this management are set out in the circulars and decisions issued by the Central bank (Bank Al-Maghrib).

The unavailability of deposits and others client’s repayable funds triggers the activation of this fund in order to protect the banking assets of the natural and legal persons.