Two Turkish Banks Fined for Insurance Violations, Shares Slide
Turkey’s Treasury Ministry fined Yapi Kredi 187.1 million lira ($31.6 million) for violating an insurance law, the private bank said on Monday, days after Akbank announced it received a similar penalty.
Shares of the banks slipped in response, with Yapi Kredi down 1.3% and Akbank off 1.7% at 0734 GMT.
Istanbul’s main finance index was down 1.1% on Monday, after logging three straight down days last week as details emerged about a separate government probe into competition at Turkish lenders.
Yapi Kredi said in a statement to the Istanbul stock exchange it was fined and was warned that its insurance brokerage activity could be suspended for up to six months.
The bank was notified by the ministry of the violation in December but did not disclose it until it was notified of the final fine amount on Friday, it said.
Akbank said on Saturday it was fined 94.7 million lira and its insurance brokerage activity was suspended for 15 days to mid-February. It said the punishment would not have any “material impact” on its financial statements.
The law the banks violated prohibits sharing false information regarding companies’ services, actions that can harm clients, delaying compensation payments among some other details.
Both banks are using a 25% advance discount to pay the fines.
Separately, Turkey’s Competition Authority said last week it was conducting “preliminary research” into banks, and sources said officials visited banks to analyse computers regarding the probe on trading in the financial sector.
(Reporting by Berna Syuleymanoglu and Halilcan Soran in Gdansk and Ali Kucukgocmen in Istanbul; Editing by Jonathan Spicer)
© Thomson Reuters 2020.
Comments (84)
Oh my goodness! Impressive article dude! Thanks, However I am having difficulties with your RSS.
I don’t know the reason why I cannot join it. Is there anybody else getting identical RSS issues?
Anybody who knows the answer will you kindly respond?
Thanks!! pharmacy online https://pharmaciescegs.com/ pharmacy
where can i buy viagra https://abcrxmed.com/ generic viagra
without a doctor prescription
is there a generic for viagra https://edabcrx.com/ viagra without a doctor prescription
Cialis online generic cialis pharmacy
Cheap tadalafil tadalafil cheap buy tadalafil
Lending tree personal loans bad credit personal loans guaranteed approval personal loans near me
Best unsecured personal loans personal4usloans.com va personal loans
Payday loans online what are payday loans monthly installment payday loans
What is viagra http://xviagarrx.com/ viagra walmart
Sildenafil vs viagra over the counter viagra cvs viagra generic name
Policy and Cross-Cutting Programs online viagra Policy and Cross-Cutting Programs
More user stories Psychiatric Mental Health 469 PLEASE can anyone help my son?!
what does viagra do More user
stories Psychiatric Mental Health 469 PLEASE can anyone help my son?!
Several trials, including one in collaboration with the Mayo Clinic, are using genetic analysis
to personalize treatment. ltdviagragogo.com Several trials, including
one in collaboration with the Mayo Clinic, are using genetic analysis to personalize treatment.
Cincinnati Children’s Hospital Medical Center GuidelinesCrowe JE Jr.
over the counter viagra cvs natural
viagra for men
You should not use this information to diagnose or treat a health problem or disease
without consulting with a qualified healthcare provider.
https://buybuyviamen.com viagra definition
Approximately 50,000 people become infected each year, and more than 18,000 die annually.
generic cialis (http://impotencecdny.com) cost of cialis
Injury to or laxity of supporting ligaments of the subtalar
joint can destabilize the foot creating a
situation of exaggerated or prolonged pronation during ground contact.
generic prescription viagra without generic viagra 2017
Lamm, because they target bacteria—not viruses. https://llviabest.com
viagra online next day delivery
Further, optimizing the nutritional value of the meals consumed and management of associated disorders, including secondary feeding aversion, are crucial.
when is viagra generic real viagra
for sale online
clan symbol clan sembol ko sembol clan simgeleri
Sildenafil 20 mg online https://miraclevigra.com/ buy generic sildenafil online
Viagra without a script https://mygoviagar.com buy viagra from canada online
Sildenafil viagra 100mg https://lightvigra.com cheap viagra no prescription
Viagra 100mg buy online india hopeviagrin.com buy discount viagra online
Buy essay cheap https://buyessayhelpbtg.com/ buy essay papers
Custom law essay https://customessaywriterbyz.com/ custom essays
cheap
Dissertation to book https://dissertationhelpvfh.com/ education dissertation
Will you write my paper for me https://writemypaperbuyhrd.com need someone write
my paper
Writing your thesis https://thesisbyd.com/ thesis defense advice
Buy a college research paper https://researchpaperssfk.com/
buy research paper online
Thesis service https://thesiswritinghelpsjj.com/ writing
a thesis outline
Amazing issues here. I am very satisfied to look your article.
Thank you so much and I am taking a look forward to touch you.
Will you kindly drop me a e-mail?
I like the helpful information you provide on your articles.
I will bookmark your blog and test again here regularly.
I’m slightly certain I will be informed many new stuff proper here!
Good luck for the following!
As the admin of this site is working, no question very shortly it will
be famous, due to its quality contents.
That is really fascinating, You’re an excessively professional blogger.
I’ve joined your rss feed and look forward to searching
for more of your great post. Additionally, I’ve shared your website in my
social networks
I am truly glad to glance at this webpage posts which carries plenty of valuable data, thanks for providing these statistics.
Whats up are using WordPress for your site platform?
I’m new to the blog world but I’m trying
to get started and create my own. Do you require any html coding knowledge to make your own blog?
Any help would be really appreciated!
It is the best time to make some plans for the future and
it’s time to be happy. I have learn this publish and if I may just I want to recommend you
few fascinating things or suggestions. Perhaps you could write subsequent articles regarding this article.
I want to read more issues approximately it!
Reading your article helped me a lot, but I still had some doubts at the time, could I ask you for advice? Thanks.
I seriously love your website.. Great colors & theme. Did you develop this web
site yourself? Please reply back as I’m wanting to create my very own blog and want to
find out where you got this from or just what the theme is called.
Cheers!
hello!,I love your writing very much! proportion we communicate more about your article on AOL?
I require an expert in this area to unravel my problem. Maybe that’s you!
Taking a look ahead to look you.
I was recommended this web site by way of my
cousin. I’m not certain whether or not this put up is written by him as nobody else recognise such designated
approximately my problem. You are incredible! Thanks!
Hiya very nice website!! Man .. Excellent .. Wonderful ..
I will bookmark your site and take the feeds additionally?
I am glad to search out a lot of useful info
here in the submit, we need develop extra strategies on this regard, thanks for sharing.
. . . . .
My spouse and I stumbled over here from a different page and thought I might check things
out. I like what I see so now i’m following you.
Look forward to checking out your web page repeatedly.
Wow that was odd. I just wrote an very long comment but after I clicked submit my comment didn’t appear.
Grrrr… well I’m not writing all that over again. Anyways, just wanted to say great blog!
The polyphenol epigallocatechin EGC is principally found in green tea and is proposed to have anticancer properties generic name for cialis
4 covid 19 economic assessment 5 buy cheap generic cialis online
That is really attention-grabbing, You are a very skilled blogger.
I’ve joined your feed and stay up for in search of more of your magnificent post.
Additionally, I have shared your site in my social networks
Hi, constantly i used to check website posts here in the early hours in the break of day, as i
like to find out more and more.
Hello, I think your site might be having browser
compatibility issues. When I look at your website in Safari, it looks fine but when opening in Internet
Explorer, it has some overlapping. I just wanted to give you
a quick heads up! Other then that, fantastic blog!
I am an investor of gate io, I have consulted a lot of information, I hope to upgrade my investment strategy with a new model. Your article creation ideas have given me a lot of inspiration, but I still have some doubts. I wonder if you can help me? Thanks.
Its not my first time to pay a quick visit this site, i am visiting this site dailly and obtain fastidious data
from here every day.
best cialis online It is therefore unclear, whether the estrogen receptor expression level has any impact on the likelihood of response, or this just reflects the lack of establishment of well organized treatment strategy in previously heavily treated patients and who in significant part already suffered from advanced disease
There were some signals of possible clinical efficacy cialis on sale in usa
After reading your article, I have some doubts about gate.io. I don’t know if you’re free? I would like to consult with you. thank you.
Your enticle helped me a lot, is there any more related content? Thanks! https://accounts.binance.com/en/register-person?ref=P9L9FQKY
buy cialis online Follow pre op instructions to the letter Follow all post op instructions to the letter Carry lubricating eye drops with you at all times especially in early months after surgery Avoid smoking and smoky environments Be wary of dusty, dry, or pollen filled places
Monitor Closely 2 amifostine, candesartan buy cialis online us
After looking into a number of the blog articles on your site, I honestly
like your way of writing a blog. I added it to my bookmark website list
and will be checking back soon. Take a look at my web
site as well and tell me what you think.
Longer hours viagra accident porn Follow up with the surgeon today, DCIS, 2
lower price on finasteride camber nadolol and succinylcholine both increase serum potassium
Cuando olvide la contraseña para bloquear la pantalla, si no ingresa la contraseña correcta, será difícil desbloquear y obtener acceso. Si descubre que su novio / novia sospecha, es posible que haya pensado en piratear su teléfono Samsung para obtener más pruebas. Aquí, le proporcionaremos la mejor solución sobre cómo descifrar la contraseña de un teléfono móvil Samsung.
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article. https://www.binance.com/pt-BR/join?ref=FIHEGIZ8
Si está pensando en usar una aplicación para espiar teléfonos celulares, entonces ha tomado la decisión correcta.
Your article helped me a lot, is there any more related content? Thanks! https://www.binance.info/it/join?ref=OMM3XK51
It’s going to be finish of mine day, but before end I am reading this wonderful paragraph to increase
my knowledge.
If you desire to obtain much from this article then you have to
apply such methods to your won webpage.
You actually make it seem so easy with your presentation but
I find this topic to be really something which I think I would never understand.
It seems too complicated and very broad for me.
I’m looking forward for your next post, I will try to get the
hang of it!
hi!,I love your writing so so much! percentage we keep up a correspondence more about
your article on AOL? I need a specialist in this space to
solve my problem. Maybe that is you! Taking a look ahead
to look you.
What’s up, after reading this amazing paragraph i am also delighted to share my experience here with friends.
Awesome article.
Hello everyone, it’s my first visit at this website, and paragraph is actually
fruitful designed for me, keep up posting these types of content.
I am not positive the place you are getting your info, however good
topic. I must spend a while finding out more or understanding more.
Thanks for magnificent information I used to be looking for
this information for my mission.
Wow, this article is nice, my younger sister is analyzing these
things, therefore I am going to let know her.
Do you mind if I quote a couple of your articles
as long as I provide credit and sources back to your weblog?
My website is in the exact same area of interest as yours and my visitors would truly benefit from some of the information you provide here.
Please let me know if this alright with you.
Thanks!
I’m not sure where you are getting your information, but
great topic. I needs to spend some time learning much
more or understanding more. Thanks for fantastic information I was looking for this info for my mission.
I do not even know the way I ended up here, however I thought this submit
was great. I don’t recognize who you are however certainly you are going to a
famous blogger in case you aren’t already. Cheers!
I believe that is one of the most significant info for me.
And i am glad studying your article. However want to remark on few general things,
The web site taste is ideal, the articles is in reality nice :
D. Excellent task, cheers
What’s up, everything is going nicely here and ofcourse every one is sharing facts, that’s really good,
keep up writing.
I know this if off topic but I’m looking into starting my own weblog and was curious what all is required to get set up?
I’m assuming having a blog like yours would cost a pretty penny?
I’m not very internet savvy so I’m not 100% certain. Any suggestions
or advice would be greatly appreciated. Appreciate it
Asking questions are in fact pleasant thing if you are not understanding anything fully, except this article
presents fastidious understanding yet.
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
When I originally left a comment I seem to have clicked on the
-Notify me when new comments are added- checkbox and from now on every time a comment is added I get 4 emails with the same comment.
Is there a way you can remove me from that service?
Kudos!