Competition Board's Investigation
Competition Board's Investigation
With the Competition Board’s decision dated November 2, 2011 and numbered 11-55/1438-M, to determine whether agreements limiting competition have been concluded or concerted practices have been performed as regards to the interest rates applied to the banking products, it has been decided that an investigation be initiated against T. Garanti Bankası A.Ş. and its subsidiaries Garanti Payment Systems (Garanti Ödeme Sistemleri A.Ş.) and Garanti Mortgage (Garanti Konut Finansmanı Danışmanlık A.Ş.), in accordance with The Law on the Protection of Competition no. 4054.