Public deposits

“Public” = third party deposits are considered “public” unless exemption applies

Not considered as public deposits are those from:

• Banks

• Related parties: qualified shareholders (>10% voting rights or capital) and affiliated entities (e.g. parent, subsidiary, sister companies)

• Institutional investors: pension funds, municipalities, corporations

• Employees (active and retired)

• Associations, foundations, cooperatives:

1. deposit for minimum 6 months;
2. not active in financial sector (i.e. idealistic cause or mutual assistance)