TEST Part1 Bank failure of Banque test 2026

The French Fonds de Garantie des Dépôts et de Résolution (FGDR) initiates the compensation of depositors of Banque test 2026 for their bank and saving accounts covered by the French deposit guarantee and State guarantee.
 

On November 19th 2025, the French Designated Authority (Autorité de Contrôle Prudentiel et de Résolution-ACPR) declared the unavailability of deposits of Banque test 2026, automatically triggering the French deposit guarantee scheme (FGDR) for compensation of its depositors in the French parent company and in its unique branch located in Spain. 
Banque test 2026 holds around €890 million of covered deposits ; the number of clients is around 11,000 depositors. Its Spanish branch represents around 500 depositors and around €40 million of covered deposits. These data are latest available estimates.
 

Implementation of the French deposit guarantee and the State guarantee for the failing bank’s depositors
•    On November 19th 2025, the French Designated Authority (Autorité de Contrôle Prudentiel et de Résolution-ACPR) declared the unavailability of BANQUE PROVENCALE EUROPEENNE deposits. As a result, depositors can no longer access their funds at the failed bank.
•    A notice regarding this failure is published on the ACPR website (www.acpr.fr). 
•    As a consequence, the compensation process for depositors of the failed bank is automatically initiated by the FGDR under the French deposit guarantee scheme and the State guarantee. Compensation i is entitled to depositors’ bank and saving accounts covered by the deposit guarantee scheme (current account, term account, CEL, PEL, Livret Jeune …) and those covered by the French State guarantee (Livret A, Livret de Développement Durable et Solidaire (LDDS), Livret d’Epargne Populaire (LEP)). A detailed list of the covered bank and savings accounts, as well as all information regarding compensation procedures by the FGDR, is available at www.garantiedesdepots.fr.
•     Compensation i is made available in accordance with regulations within 7 working days following the date the deposits became unavailable.
•    This 7-day period can be extended in cases where additional information on depositors or banking operations are required by the FGDR for security checks, calculation purposes, etc.
•    At the request and on behalf of the FGDR, Spanish BANQUE PROVENCALE EUROPEENNE branch depositors will be compensated by FGD, the Spanish deposit guarantee scheme, in accordance with French laws and regulations and following FGDR instructions.