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An amendment to the law providing for total abolition in stages
of the state guarantee granted to BEKB | BCBE, was passed by the cantonal legislature
on 16
September 2004. The government determined on 16 February 2005 that the right to have a referendum
had not been demanded. The government guarantee was reduced in an initial phase on savings of up to
CHF 100,000 per customer and on debenture loans, when the law came into force on 1 January 2006.
Final ending of the government guarantee will come about at the end of 2012. The government guarantee
will remain effective for bonds which have been issued before this date, until their maturity.
BEKB | BCBE supports this course. A solid foundation and
a long-term goal offer the best protection for creditors. Both have been achieved
at BEKB | BCBE.
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