Banking Regulation and Supervision Agency

Dutch Rabobank receives green light to operate in Turkey

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.

Main opposition leader: Message by delegates at convention taken

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.

Turks’ soaring debts setting off alarm bells

Turks’ soaring debt levels are beginning to set off alarm bells, with the number of consumers having difficulty paying credit card debts jumping by more than 30 percent in June compared to the same month last year.

According to figures compiled by the Turkish Banks Association (TBB) Risk Center, nearly 186,000 Turks did not pay their loan or credit card debts to banks in June.

Banking watchdog unveils draft limiting banks’ commissions

Turkey’s banking watchdog has announced a draft regulation that immensely expands limitations on the commissions and fees that can be charged by banks.

The Banking Regulation and Supervision Agency (BDDK) aims to decrease the number of services permitted to charge fees on 60 services to 20, according to the draft regulation model unveiled on Aug. 21.