has been cooperating with the Banking Association of Turkey (TBB) and the Financial Crime Investigation Board (MASAK) to implement the change.
official said a statement would shortly confirm the approval of the sale.
However, a snag that some banking officials have pointed out, is that the BDDK
inspectors are breaking new ground by trying something that has never really been done before--an official audit of the entire banking sector.
Finally, the BDDK
has permitted Bank Audi to carry out its operations under the name of Odeabank after a 12-year application period.
IS) (Halkbank) has received preliminary approval from the Turkish banking regulator BDDK
to take control of Skopje-based Export&Credit bank (IK Banka), Dow Jones has reported, citing the Ihlas News Agency (IHA).
has proposed a move to increase the number of monthly installments that can be made on white goods, furniture and tuition payments, raising the limit from nine to 12.
According to temporary BDDK
figures, banks' profit was down 15 percent to 12.
TMSF has previously held three auctions for the sale of Adabank, but failed to obtain approval from banking regulator BDDK
for the sale, the report noted.
Turkish authorities have detained 29 inspectors from the BDDK
banking watchdog for 'irregular inspections', Reuters has reported.
has instructed banks to ask for details of auction bids on all transactions of over $2m, as it looks into possible market manipulation, Reuters reports.
In January, the bank applied to Turkey's banking watchdog, the BDDK
, for a license.
lar will supplant present BDDK
Chairman Tevfik Bilgin in March 2012.