The Turkish Competition Authority announces its long-awaited decision regarding the imposition of fines on major banks for concerted practices concerning credit card fees and interest rates for deposits (Akbank / Denizbank / Finans Bank / Türkiye Garanti Bankasi)

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Turkish Competition Authority, / Denizbank / Finans Bank / Türkiye Garanti Bankasi, Decision No. 13-13/198-100, 8 March 2013 (Turkish)

TCA Hits Banks With Record Fines* In Friday evening (8 March 2013), after the closing of stock exchange, the TCA has announced its long-awaited decision regarding major banks of Turkey. The TCA hits 12 major banks with record fines totalling 1,11 billion

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