Gold Account​

Deposits in Turkish lira, foreign currency, and precious metals opened in the names of individuals at our domestic branches, solely used for non-commercial transactions excluding check issuance, along with their interest re-discounts, up to a total of 650,000 Turkish liras per individual, are covered by insurance. The deposits listed below are not covered by insurance:

• Deposits and other accounts belonging to the controlling shareholders of the relevant credit institution, as well as their spouses, parents, and children under guardianship.
• Deposits and other accounts falling within the scope of property values resulting from the offense specified in Article 282 of the Turkish Penal Code dated 26/9/2004.
• Deposits in credit institutions established exclusively for coastal banking activities in Turkey.
• Deposits opened in the overseas branches of deposit banks.
• Deposits in credit institutions operating in Turkey and abroad engaging in offshore banking activities.
• Excessive interest rates offered above the average interest rates of the top five deposit banks in terms of total deposits and maximum interest rates publicly announced by the bank and reported to the Central Bank.

Payments from Insurance Coverage

Payments covered by insurance will be made in Turkish Lira in the event of revocation of the deposit bank's operating license. When determining the amount to be paid under insurance coverage, the total of the principal amount and interest re-discounts of the savings deposit accounts will be taken into account. The Turkish Lira equivalents of deposits in foreign currency and gold will be determined based on the Central Bank's foreign exchange buying rates as of the date the deposit bank's operating license is revoked and the closing price of the Istanbul Gold Exchange session (for accounts in gold).