Supervision Agency

Turkish banks' foreign currency swap transactions cannot exceed over 1 percent of their equities, the country's regulatory authority said on April 12.

Due to rising disparity and risks related to the COVID-19 pandemic, the Banking Regulation and Supervision Agency limited forex transactions for financial stability.

Bank of China will seek approval to expand its operations in Turkey, highlighting efforts by the two countries to boost business ties, according to sources familiar with negotiations.

One of Turkey?s largest state-owned banks, Ziraat Bank, was authorized by the country?s banking regulator to begin operations in its Islamic banking division, according to the government?s official gazette on May 14.

The Banking Regulation and Supervision Agency (BDDK) issued a certificate giving permission to Ziraat Bank to commence operations as an Islamic bank.

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.