The Savings Deposit Insurance Fund

What The Savings Deposit Insurance Fund does

The Savings Deposit Insurance Fund (TMSF — Tasarruf Mevduatı Sigorta Fonu) is a Turkish statutory government agency established under Law No. 4651 and headquartered in Istanbul. It is the sole deposit insurance scheme for Turkish credit institutions, providing insurance coverage up to 1,200,000 TL per person per institution on both conventional deposits and participation funds held at participation banks. Beyond insurance, TMSF functions as Turkey's bank resolution authority — it takes over and resolves failed banks, runs liquidation processes, and distributes dividends to creditors — and as a statutory trustee/receiver for companies and assets transferred to it under legal frameworks including state-of-emergency (OHAL) procedures and KHK (Decree Laws). Its core operational lines are: deposit and participation-fund insurance; bank resolution and liquidation; trusteeship management of seized entities; administration of statute-of-limitations deposits; risk-based premium assessment; and financial reporting.

The fund is financed primarily through risk-based insurance premiums collected from Turkish credit institutions, supplemented by resolution revenues derived from the disposal and management of distressed/seized assets. Distribution occurs exclusively through the Turkish banking regulatory framework — there is no commercial go-to-market motion. The operational technology stack is administrative and regulatory rather than technology-product-oriented: financial reporting is delivered through quarterly and annual reports, resolution revenue statistics, and statute-of-limitations registers published on tmsf.org.tr. Following the January 2026 seizure of Can Holding, TMSF now controls over 1,000 companies spanning media, education (Istanbul Bilgi University, affecting more than 20,000 students), and industrial enterprises, and has been involved in privatizations including in Turkey's power sector.

TMSF is a government state entity, not a commercially operated company; revenue is not generated through market pricing of products, and there are no disclosed ownership changes, equity investors, or PE/VC involvement. Its mandate is statutory: to maintain financial system stability, protect depositors and participation-fund holders, and manage/resolve failed or seized financial institutions and companies on behalf of the Turkish state.

Name

The Savings Deposit Insurance Fund

Legal name

Tasarruf Mevduatı Sigorta Fonu (TMSF)

Website

https://tmsf.org.tr

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Turkey's statutory deposit insurance agency and bank resolution authority, insuring deposits and participation funds up to 1,200,000 TL and acting as trustee/receiver for over 1,000 seized companies, including Can Holding assets.

Ownership category

akta.pro rank

Headquarters

HQ city

Istanbul

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Distribution channels1 record

Marketing channels1 record

Core offering

TMSF provides statutory deposit insurance for credit institutions in Turkey, insuring deposits and participation funds up to 1,200,000 TL per person per institution. It performs bank resolution and liquidation, administers seized/transferred banks and companies as trustee, manages over 1,000 companies placed under its control, and handles unclaimed deposits that have reached statute of limitations. The fund also conducts privatizations and asset sales for entities under its management.

Product overview

The Savings Deposit Insurance Fund (TMSF) is a Turkish government agency providing financial safety net services. It operates as a unified agency offering deposit insurance for both traditional deposits and participation funds, bank resolution and liquidation services, and trusteeship management for companies transferred to the fund. The organization manages over 1,000 companies including various media outlets and commercial enterprises seized during regulatory interventions. Core services include deposit insurance coverage up to 1,200,000 TL, risk-based premium calculations, bank analysis, and financial reporting. TMSF conducts privatizations including power sector transactions and manages M&A deals valued at approximately $11.8 billion in 2025.

Differentiator

Problem solved

Functional benefit

Products and services

• Mevduat Sigortacılığı (Deposit Insurance) Core statutory deposit insurance service covering deposits up to 1,200,000 TL per person per credit institution in Turkey, protecting the savings of citizens in Turkish financial institutions.
• Katılım Fonu Sigortacılığı (Participation Fund Insurance)

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• Can HoldingcoreOthersCan Holding and its 121 companies, including Bilgi University and multiple media outlets, were seized by the Turkish state. These entities were placed under the management of TMSF as part of a criminal investigation into alleged fraud and money laundering. The university closure affects over 20,000 students who will be transferred to a designated state institution.
• Turkish Privatization AdministrationminorStrategic or Co-development PartnerTMSF has been involved in privatization transactions in Turkey, including power sector privatizations. Turkey saw M&A deal value double to $11.8 billion in 2025 with 416 transactions including privatizations. Foreign investors from Germany and France were particularly active in these transactions.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Financial Services Compensation Scheme (FSCS): UK's statutory compensation scheme for financial services customers. While broader than deposit insurance alone, FSCS shares TMSF's role as a financial safety-net administrator providing customer protection.
• Single Resolution Board (SRB): The EU's central bank resolution authority within the Banking Union. SRB's bank resolution mandate and powers over failing significant institutions are comparable to TMSF's bank resolution activities.

Direct peers

• Canada Deposit Insurance Corporation (CDIC): Canada's federal deposit insurance corporation providing deposit protection and resolution functions. CDIC closely mirrors TMSF's core deposit insurance and bank resolution mandate with a risk-based premium framework.
• Federal Deposit Insurance Corporation (FDIC): The U.S. federal deposit insurance agency and bank resolution authority. FDIC is the most direct global analog to TMSF, performing the same dual mandate of insuring deposits and resolving failed banks, with comparable statutory powers and governance structure.
• Korea Deposit Insurance Corporation (KDIC): South Korea's deposit insurance agency that also handles bank resolution and asset management of failed financial institutions. KDIC's expanded role in managing distressed assets is highly comparable to TMSF's trusteeship and resolution operations.
• Singapore Deposit Insurance Corporation (SDIC): Singapore's deposit insurance agency providing statutory deposit protection. While narrower in scope than TMSF (lacks large-scale trusteeship), SDIC shares the same core deposit insurance mandate and risk-based premium framework.
• Fondo Interbancario di Tutela dei Depositi (FITD): Italy's interbank deposit guarantee fund and crisis management scheme. FITD combines deposit insurance with bank resolution functions, closely paralleling TMSF's combined insurance-and-resolution mandate.
• Deposit Insurance Corporation of Japan (DICJ): Japan's deposit insurance corporation that also handles financial institution resolution and crisis management. DICJ's dual mandate of deposit insurance and resolution of failed financial institutions directly mirrors TMSF's core functions.

Others

• Central Bank of the Republic of Türkiye (CBRT): Turkey's central bank and primary banking regulator. While not a peer in deposit insurance, CBRT works closely with TMSF as the banking supervisor whose actions trigger TMSF's bank resolution activities.
• Banking Regulation and Supervision Agency (BDDK): Turkey's banking regulator that oversees credit institutions and works hand-in-hand with TMSF on bank resolution. BDDK's regulatory actions directly feed TMSF's deposit insurance and resolution functions in the same domestic market.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/tmsftr
• LinkedInlinkedin.com/company/tmsf

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Savings Deposit Insurance Fund