To promote bilateral exchanges of experiences and information, the Central Deposit Insurance Corporation (CDIC) and the National Deposit Insurance Fund of Hungary (NDIF) signed a Memorandum of Understanding (MoU) in June 2005, and subsequently extended the MoU every three years. CDIC’s President Ms. Annie Cheng confirmed the MoU extension with Ms. Ágnes Hornung, Managing Director of NDIF, on June 11, 2026 in Bucharest, Romania, officially extending cooperative relationship between the two institutions and strengthening cross-border cooperation.

      Besides, two institutions shared and exchanged views on the annual development of respective deposit insurance systems and future challenges, including strengthening risk-based premium systems, adopting sustainable development practices, promoting the use of AI, and recent developments relating to the reformed crisis management and deposit insurance (CMDI) framework for banks in the EU. In the future, CDIC and NDIF will continue to strengthen the deposit insurance systems in respective countries through bilateral exchanges of information.

CDIC President Ms. Annie Cheng and NDIF Managing Director Ms. Ágnes Hornung formally confirmed the renewal of the MOU between CDIC and NDIF.