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Evet (Yes)
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Hayır (No)
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21.11.2011, 11.03.2013, 15.08.2013, 16.09.2013, 04.06.2015, 17.06.2015, 16.05.2016
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Hayır (No)
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Reference: Public disclosures of Türkiye İş Bankası A.Ş. (İşbank) on 21.11.2011, 11.03.2013, 15.08.2013, 16.09.2013, 04.06.2015, 17.06.2015 and 16.05.2016
With the related public disclosures, it has been announced that regarding the Turkish Competition Board's decision on imposing administrative fines against our Bank, the file brought for the annulment by our Bank before the Administration Court of Ankara has been rejected. It has also been announced that the appeal has been filed before the Council of State against the mentioned Administration Court decision and our request of appeal was rejected by the Council of State. Finally, it has been disclosed that our Bank has appealed for the revision of that decision before the Council of State.
Following the reversal of aforementioned decision in favour of our Bank, Ankara Administrative Court, the court of first instance, has decided not to abide by the decision of the Council of State and decided dismissal of judgement, and our Bank has appealed before the Council of State Plenary Session of the Chambers for Administrative Cases for the reversal of the decision.
Council of State Plenary Session of the Chambers for Administrative Cases has accepted our Bank's appeal, reversed the decision of insistance of the court of first instance and decided to send the file to the court of first instance to be re-decided. Legal process is ongoing.
This is the translation of the Turkish public disclosure made by Türkiye İş Bankası A.Ş. through the Public Disclosure Platform, under the Material Events Guideline prepared in accordance with the Communique of Material Events, numbered II-15.1. According to the Material Events Guideline and the regulations, the Turkish public disclosure shall prevail.
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We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.