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The Banking Regulation and Supervision Agency has issued an administrative monetary fine in the amount of TL 155.500.000 on the basis of violation of directive of the Agency on Limitation of COVID 19 Effects. The above-mentioned administrative monetary fine will be paid pursuant to Clause 17/6 of the Law No 5326 on Misdemeanors by using 25% advance payment discount and reserving our legal rights. The administrative monetary fine will have no material impact on the financial statements of our Bank. In case of contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail. |
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.