Banking Regulation and Supervision Agency

The ruling Justice and Development Party's (AKP) top economy executives will be replaced in the June 7 election, according to its recently announced candidate list, while the opposition parties' nomination of leading economic figures apparently displayed their bid to show voters that they are ready to take power.

The contradictions within the government's economic policies mean it is too difficult to even post a growth rate as low as 2 percent, prominent economist Kemal Dervi? has told daily Hürriyet.

The recent tug of war between President Recep Tayyip Erdo?an and Central Bank Governor Erdem Ba?ç? over Turkey's monetary policy has inflamed debate on the independence of the Bank.

Turkey?s banking watchdog (BDDK) said yesterday regulators have taken control of a small stake in embattled Islamic lender Bank Asya over what it described as an illegal share transaction.

The net profit in Turkey's banking sector increased by 52 percent to 2.15 billion Turkish Liras ($857 million) in January compared with 1.42 billion liras in January 2014.

Banking Regulation and Supervision Agency (BDDK) decided late Feb. 3 that 63 percent of the privileged shares that make up the executive board of Bank Asya should be controlled by the Saving Deposit Insurance Fund (TMSF). This decision has been made according to Article 18 of the Banking Law.

Turkish banking authorities have seized control of Bank Asya, citing a lack of transparency.
      

Turkey’s banking watchdog has granted an operation license to the Dutch Rabobank group, paving the way for the lender’s entrance into the Turkish banking sector.

The Banking Regulation and Supervision Agency (BDDK) has permitted the Rabobank group to establish a deposit bank, according to a decision published in the Official Gazette on Sept. 9.

Turkey’s main opposition leader Kemal Kılıçdaroğlu says he has taken on broad messages given by delegates of the main opposition party during the party’s extraordinary convention, which saw him re-elected as party leader.

Kılıçdaroğlu was speaking to daily Hürriyet after the results of an election for a 60-seat Party Assembly was announced early Sept. 7.

Turkey’s banking watchdog will take a closer look at the operations of the Islamic lender Bank Asya, after talks with potential buyers failed to yield results.