Announcement regarding former public disclosures that are not yet resolved
Announcement regarding former public disclosures that are not yet resolved
Re: Our Bank’s public disclosure dated January 22, 2016 – February 24,2016
With our Bank’s public disclosures mentioned above, it was disclosed that the annulment action filed by our Bank before the 13th Council of State regarding the Turkish Competition Board's decision dated 07.03.2011 and no. 11-13/243-78 on imposing an administrative fine against our Bank has been rejected and our Bank has appealed such decision before the Council of State, Plenary Session of Administrative Law Chambers on February 22, 2016.
The lawsuit process is still ongoing and further developments will be disclosed to the public
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.