Announcement regarding former public disclosures that are not yet resolved
Announcement regarding former public disclosures that are not yet resolved
Our bank has signed a mandate letter in order to authorize 19 banks as mandated lead arrangers for the grant of a syndicated term loan with a maturity of 367 days.
Ref: Our public disclosure dated April 21, 2015- August 31,2016- October 31,2016- December 30, 2016
In the above-mentioned disclosure; it was announced that an annulment action was filed by our Bank before 2nd Administration Court of Ankara against the decision of Turkish Competition Board regarding the administrative fine imposed on our Bank, such annulment action was rejected, and our Bank appealed such decision to the Council of State.
We have been informed that the appeal has been rejected by the 13th Chamber of the Council of State with its decision no. 2015/2447 Esas and 2015/4006 Karar. Our Bank had requested revision of the decision on 01.07.2016