As a reminder, the FGDR-UMOA is responsible in particular for compensating depositors of Banks and Decentralized Financial Systems in the event of unavailability of their assets.
The UMOA Council of Ministers, by Decision No. 009 of 06/30/2017 / CM / UMOA set the compensation ceilings as follows : :
1 400 000 FCFA
One million four hundred thousand CFA francs, per holder, for all deposits held in the books of a member banking institution
300 000 FCFA
Three hundred thousand CFA francs, per holder, for all deposits held in the books of a member Decentralized Financial System.
The Fund compensates depositors within three months except in cases of force majeure.