The Savings Deposit Insurance Fund of Turkey ( tr, Tasarruf Mevduatı Sigorta Fonu), a.k.a. TMSF in abbreviated form, is the governing body concerned with matters of fund management and insurance in the Turkish banking system.
The body was founded in 1933 with the name Deposit Protection Act ( tr, Mevduatı Koruma Kanunu). In 1960, the name was changed to Bankalar Tasfiye Fonu ( tr, Bankalar Tasfiye Fonu). The current name was adopted in 1983.
TMSF is also involved in the media industry, and owns at least one asset each for every newspaper, pay television, television and radio station. In 2013, TMSF acquired some assets from
Çukurova Media Group
Çukurova Media Group (''Çukurova Medya Grubu'') is a Turkish media conglomerate established, part of the Çukurova Holding conglomerate. On 18 May 2013 it transferred a substantial number of its properties to the state TMSF, in partial settle ...
after the company was forced to sell due to tax debts.
The institution was initially overseen by the
Central Bank of Turkey
The Central Bank of the Republic of Turkey, CBRT ( tr, Türkiye Cumhuriyet Merkez Bankası, TCMB, literally "The Turkish Republic Central Bank") is the central bank of Turkey. Its responsibilities include conducting monetary and exchange rate pol ...
, however, it later became attached to the Prime Minister's office, and later, to the President's office.
References
External links
Official website
Banking in Turkey
Deposit insurance
Organizations based in Istanbul
Organizations established in 1983
Government agencies of Turkey
1983 establishments in Turkey
Insurance in Turkey
{{finance-stub