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A fine of TL 19.5 million was imposed on 15 banks for violating banking law.
The following statements were used in the statement made by the BBDK:
In the process of fighting the COVID-19 outbreak, complaints submitted to our institution by individual and commercial clients were examined.
In this context, due to the establishment of a transaction contrary to the instructions transmitted to the banks by the Authority regarding the determinations in the Report issued as a result of the examinations carried out by the audit personnel of our Authority regarding the subject banks. to the complaint, With the decision of the Banking Regulation and Supervision Agency dated May 14, 2020 and number 9021, it was decided to impose a total of 19,650 thousand TL administrative fines on 15 banks in accordance with Article 148 (b) of Bank Law No. 5411 .
The review processes for these complaints continue without interruption. It is announced to the public with respect.
WHAT IS THE SCOPE OF THE BANKS?
Banking Law No. 5411, adopted on 10/19/2005 ‘Effective functioning of the credit system’ contains provisions on. Article 1 of the Law is as follows: The objective of this Law is to regulate the principles and procedures to guarantee confidence and stability in financial markets, the efficient operation of the credit system and the protection of the rights and interests of savers.
THE ACCOUNT OF ACTIVE RELATIONSHIP HAS ARRIVED
The BBDK resorted to lending regulation so that private banks could make more loans or buy government bonds. Although banks opposed the regulation, as of May 1, the asset ratio account had entered into force. Under this account, banks with less than 1 point will pay a fine.
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