1.

Members States may allow DGSs to lend to other DGSs within the Union on a voluntary basis, provided that the following conditions are met: the borrowing DGS is not able to fulfil its obligations under Article 9(1) because of a lack of available financial means as referred to in Article 10; the borrowing DGS has made recourse to extraordinary contributions referred in Article 10(8); the borrowing DGS undertakes the legal commitment that the borrowed funds will be used in order to pay claims under Article 9(1); the borrowing DGS is not currently subject to an obligation to repay a loan to other DGSs under this Article; the borrowing DGS states the amount of money requested; the total amount lent does not exceed 0,5 % of covered deposits of the borrowing DGS; the borrowing DGS informs EBA without delay and states the reasons why the conditions set out in this paragraph are fulfilled and the amount of money requested.

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Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.