Banking Regulation and Supervision Agency

Turkish Treasury conducting study on cryptocurrencies

Turkey's Treasury and Finance Ministry is carrying out a study on cryptocurrencies amid recent debate over Bitcoin.

In a press release on Monday, the ministry said it is collaborating with the Turkish Central Bank, the Banking Regulation and Supervision Agency, and the Capital Markets Board in its research.

Turkey bans ads on Twitter, Periscope, Pinterest

Turkey banned social media sites that have failed to hire local representatives from advertising on Jan. 19, according to the Official Gazette. 

Last October, a new social media law came into effect in the country which obligates social media sites that are accessed over a million times per day in Turkey to hire a local representative.

Banking sector net profit at $7.4 bln in Jan-Nov

Turkey's banking sector posted a net profit of 57.3 billion Turkish liras ($7.37 billion) in the first 11 months of 2020, the
country's banking watchdog said on Dec. 29. 

The sector's net profit was up 23%, compared with 46.55 billion Turkish liras ($8.1 billion) in the same period last year, according to a Banking Regulation and Supervision Agency (BDDK) report.

Turkish banking watchdog takes new normalization step

Turkey's Banking Regulation and Supervision Agency (BDDK) has announced on Tuesday that it will repeal the calculation of the Asset Ratio (AR), as of end of 2020 as part of the normalization steps.

Borsa Istanbul's banking index gained 3% while the U.S. dollar/Turkish lira exchange rate fell below 7.85 from 7.96 following the move.

Turkey removes 3 foreign banks' FX transactions ban

Turkey on May 11 removed foreign exchange transactions bans with Turkish lira for three foreign banks -- BNP Paribas, Citibank, and UBS.

After banks fulfilled their Turkish lira commitments, the restrictions were removed, according to the information given by Turkey's Banking Regulation and Supervision Agency (BDDK).

Turkey bars 3 foreign banks from FX transactions

Turkey has blocked three foreign banks- BNP Paribas, Citibank, and UBS- from doing foreign exchange transactions with the Turkish lira, the nation's banking watchdog announced on May 7. 

These banks failed to complete their Turkish lira commitments and so defaulted, said Turkey's Banking Regulation and Supervision Agency (BRSA).