On 10 February 2025, the Single Resolution Board issued a press release announcing that the Single Resolution Fund’s target level remains reached at the end of 2024. The Single Resolution Fund’s target level, of at least 1% of covered deposits held in Banking Union Member States, is verified annually. As of 31 December 2024, the Fund amounts to EUR 80 billion, which is above the 1% of covered deposits. Therefore, unless needed, no collection of annual contributions is foreseen until the next verification exercise, due to take place towards the beginning of 2026