The bank deposit guarantee sum for private individuals will be raised from 6,000 to 20,000 lei. Parliament passed a bill to this effect in the first reading on June 23, IPN reports.

Unaffiliated MP Iurie Leanca, who is one of the authors of the bill, said the initiative is aimed at protecting bank depositors. The sum of 20,000 lei will be provided from the Bank Deposit Guarantee Fund if the bank is deprived of license or is liquidated.

Stefan Creanga, unaffiliated MP and chairman of the commission on economy, budget and finance, said it is opportune to adopt this bill given the depreciation of the national currency.

The initiative was supported by all the attending MPs.