[company_age]37.0[/company_age][employees]11-50 employees[/employees][description]The Interbank Deposit Protection Fund (FITD) is a consortium of Italian banks that guarantees bank deposits up to €100,000 per depositor. Established in 1987, FITD is a non-profit organization headquartered in Rome, Italy. Its primary function is to protect depositors in the event of a bank failure by providing financial assistance to failing banks and compensating depositors for their losses. FITD is funded by contributions from its member banks and governed by a Board of Directors composed of representatives from those banks. Notably, FITD is a member of the International Association of Deposit Insurers (IADI).[/description][ps]Guarantees bank deposits up to €100,000 per depositor[/ps]