sf1993

In the eyes of many people, depositing money in a bank is absolutely safe. But in fact, banks can also go bankrupt due to poor management. Previously, there were four banks, including Hainan Development Bank, Shangcun Credit Union in Suning County, Henan, Shantou Commercial Bank, and Baoshang Bank. Last year, five banks, including Liaoning Taizihe Village Bank, went bankrupt. With the implementation of the Bank Deposit Insurance Regulations, more small and medium-sized banks will join the ranks of bankruptcy in the future.
As more and more small and medium-sized banks declare bankruptcy, many depositors are worried about whether their deposits in small and medium-sized banks are safe. In this regard, some professionals said that as long as the depositors' deposits are within 500,000, they can get full compensation even if the bank goes bankrupt. Of course, the deposits exceeding 500,000 will not be compensated, but they will have to wait until the takeover financial institution liquidates the bankrupt bank's assets before compensating the depositors according to a certain ratio.