Bank Guarantees

[Chinook]

Does anybody know what the level of guarantee there is , if any , on deposits held in Turkish banks?

[ECHOSTAR]

i Do not want to appear rude but please use the search facility as all the info you want is there The answer is 50,000 ytl per account per holder well it was

[Chinook]

I had but could not find anything under this heading.You are right that I should have engaged brain and searched under similar headings instead of taking easy way out.

Thanks for the answer. In view of your uncertainty does anybody know if it has been amended or in view of the current economic climate whether a change in the limit is being contemplated by the Government

[number2]

quote:Originally posted by ECHOSTAR

i Do not want to appear rude but please use the search facility as all the info you want is there The answer is 50,000 ytl per account per holder well it was

Does that mean that i can have 6 different 42 day accounts in one bank with 50,000ytl in each, that way i can get a good interest rate and also be able to draw money every week, without losing out, or do they have to be in different banks. Alan

[ECHOSTAR]

Hi Alan

its different banks but if i was you i would look into it being 42 days mine is 35 and i was moaning about that

[karaokemark]

I have just read this statement I wonder if it covers Finansbank as the National Bank of Greece are the majority shareholder of Finnans with over 80%

An unnamed senior Greek finance ministry official said the country would guarantee all deposits at its banks. Such a move would ignore criticism of a similar move by fellow euro zone member Ireland, which has attracted criticism from Britain and Spain as well as misgivings among Brussels' competition authorities.

Mark

[tel]

I asked in Finans and the answer was 50k ytl per named person..ie joint account would be 50k each.  But I would not like to say that multiple accounts would do the same.  My guess is one pay out per person.  To be checked out LOL

[captainjon]

See todays Zaman for full statement on bank accounts/insurance etc.Joint accounts get double cover,ie 100000 lira per account.But no change in turkeys banking system overall.To get aditional protection create other accounts in other banks

[banker]

Hi This is Alper from Fortisbank fethiye  

the exchange rate is 2.46 now and We serve %20 interest for the amount over 100.000 ytl.

regards.

alper

All turkish banks gives 50.000 ytl guarantee. because this is from goverment.

[karaokemark]

Alper if it is a joint account do you guarantee 100,000 ytl?