Ineligible Deposits for Deposit Protection

·         Deposits, participation funds and other accounts of main shareholders of the relevant credit institution and similar type of accounts that belong to said individuals’ mothers, fathers, spouses and children under their custody.

·         Deposits, participation funds and other accounts of the chairman or members of the board, general manager and assistant general managers of the relevant credit institution and similar types of accounts that belong to their mothers, fathers, spouses and children under their custody.

·         Deposits and participation funds generated through crimes enumerated in article 282 of the Turkish Criminal Law number 5237, dated September 26, 2004.

·         Deposits and participation funds in the credit institutions that were established exclusively to implement offshore banking activities in Turkey.

 

See: “Regulation on Deposits and Participation Funds Subject to Insurance and Premiums collected by Savings Deposit Insurance Fund”