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| Name | Symbol | Market | Type |
|---|---|---|---|
| Akbank Turk Anonim Sirketi (QX) | USOTC:AKBTY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.70 | 3.70 | 3.70 | 0.00 | 00:00:00 |
From Dec 2019 to Dec 2024
By Yeliz Candemir
ISTANBUL--Turkey's Competition Board has fined 12 banks a total of 1.116 billion Turkish lira ($618 million) in a rate-setting probe for breaching competition rules, it said Friday.
In November 2011, the country's Competition Board launched an investigation into 12 Turkish banks to determine whether they acted together on setting maximum deposit rates, loan rates, credit card fees and charges.
The banks fined were local operators Garanti Bankasi (GAREN.F.IS), Akbank T.A.S. (AKBNK.IS), Denizbank A.S. (DENIZ.IS), Finansbank (IST30.F.IS), Turk Ekonomi Bankasi A.S. (TEBNK.IS), Vakifbank, Ziraat Bank, Halk Bank (HALKB.IS), Is Bank and Yapi Kredi Bank (YKBO.IS), as well as foreign banks HSBC (HBC) and ING Bank.
Hearings against the banks were held on Feb. 25 and 26, when the banks denied forming a price-setting cartel.
Write to Yeliz Candemir at yeliz.candemir@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Akbank Turk Anonim Sirketi (QX) Chart |
1 Month Akbank Turk Anonim Sirketi (QX) Chart |
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