Risked-Based Insurance Premium Tariff
The tariff-based premium amounts are calculated by multiplying insurance premium rates by insured deposits and participation funds calculated based on financial statements drawn up by credit institutions as of the end of every March, June, September and December. The assessment of credit institutions is based on 14 risk factors under
five categories including capital adequacy, asset quality, profitability, liquidity, and other risk factors, and such institutions are rated on a total score between “0” and “100” according to the threshold values of each category.
As a result of calculations to be made, the premium rates accounting for the respective premium category are taken as a basis for credit institutions incorporated into one of the four premium categories namely A, B, C and D depending on their total scores.
Premium categories and rates are presented in the following table.
The insurance premium rate is determined by adding 2 - ten thousand to the premium rates for the credit institutions of which Size Factor is above a certain amount, and 1 - ten thousand to the premium rates for the credit institutions of which Size Factor is between certain amounts. The size factor consists of total assets, non-cash loans and guarantees and
commitments (excluding revocable commitments) in the balance sheet of credit institutions. The respective amounts are annually increased at an average rate increase in the general index of producer prices calculated by the Turkish Statistical Institute at the end of the year. You can obtain information regarding updated amounts related to the Size Factor from the respective section of the SDIF’s Annual Activity Reports.