Banking Watchdog Brsa Says Bank Asya Shares Partially Seized

- Turkey’s banking watchdog said regulators have siezed control of a stake in Islamic lender Bank Asya over what it described as an illegal share transaction.

Turkey's Banking Regulation And Supervision Agency (BRSA) said Turkey’s Savings Deposit Insurance Fund (SDIF) seized the bank shares held by publishing company Sürat Printing and construction firm Forum Construction because of several irregularities in the January sale of their parent company to a Dutch firm.

"Until the submission to the Agency of the information and documents showing that shareholders with qualified shares meet the criteria applicable to founders and the evaluations to be made by the Agency is finalized, it has been decided that shareholder rights other than dividends concerning the shares of the abovementioned shareholders shall be used by the Savings Deposit Insurance Fund" BRSA said in a statement released on Wednesday.

International rating company Standard And Poors (S&P) said on Wednesday that, June 7 elections in Turkey was not a particular source for the banks, but the incidents surrounding Bank Asya illustrated risks ento the financial system.

"As for domestic political risks, we do not see the June 7 parliamentary elections as a particular source of risk for banks. However, the incidents in 2014 surrounding Bank Asya, which ended with the regulatory action against it in early 2015, illustrate the potential for political risks, or the perception of it, to directly or indirectly spillover into the financial system" S&P said in a report with "Turkish Banks Face More Regulation And Greater Competition" headline released on Wednesday.

Turkey’s banking regulator seized control of Bank Asya, due to transparency concerns, according to the banking watchdog. The Savings Deposit Insurance Fund (TMSF) seized 63 percent of Bank Asya shortly after the Banking Regulation and Supervision Agency (BDDK) ruled in favour of its seizure, in early February.

Niğde’de 1 kişinin öldüğü, 2 kişinin yaralandığı kaza güvenlik kamerasında

Vali Çiftçi, sosyal medya takipçisi Kısmet Pala’yı makamında ağırladı

Sivas’ta kurbanlık fiyatları belirlendi