About the Agency
Deposit Insurance Agency is a legal person established by the Law on Deposit Insurance Agency – “Official Gazette RS” No. 61/05 from 18th July 2005. With the Law’s entrance into force, Agency for deposit insurance, rehabilitation, bankruptcy and liquidation of banks ceased to exist, and for its universal legal successor was appointed newly founded Deposit Insurance Agency. The Agency has a status of public agency and as such is registered in the Commercial Court in Belgrade. Residence of the Agency is in Belgrade.
In accordance with the Law on Deposit Insurance Agency, the Agency performs the following activities:
Activities of the Agency are closely regulated by the following laws and decrees:
Bodies of the Agency are the Managing Board and the General Manager. Managing Board has seven members from which three members are members by the function they perform, and they are: Minister authorized for financial affairs, Minister authorized for economy affairs and Vice-Governor of the National bank of Serbia in charge for bank supervision affairs. Remaining four members are appointed and released by the Government. Managing Board is responsible to the Government for its work.
General Manager of the Agency is appointed and released by the Managing Board, with the consent of Government. General Manager is employed at the Agency. General Manager of the Agency is responsible to the Managing Board for his work.
Organization and the manner for performing activities, scope of bodies’ work, procedure for appointing and releasing general managers, representation and presenting, principles of internal organization, as well as dealing with business secret, is regulated with the Statute of the Agency. After receiving approval from the Government, the Agency’s Statute was published in the “Official Gazette RS” No. 84/05.
Agency performs activities determined by the Law, and is organized in the following organizational units:
1. Deposit Insurance Department
2. Bankruptcy and Liquidation Department:
· Division for bankruptcy and liquidation of banks
· Division for bankruptcy and liquidation of insurance companies
3. Collection of Claims Department
4. Department for Sale of state and social capital
5. Division for financial and accounting affairs
6. Division for legal and general affairs
7. Office of the General Manager
There is a special department within the Agency – Project management Unit (PMU) that performs technical and financial administration of projects financed by the World Bank.
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