Prior to his role at the BRSA
, Bilginis was the Chairman of the SDIF (Savings Deposit Insurance Fund) and before that he was the General Manager of T.
The outflow of foreign funds from Turkey, sharp increases in T bill rates and the prosecutive approach of BRSA
toward major shareholders and bank managers instead of prudence intervention to rehabilitate the banking system triggered the November 2000 crisis in combination with the exchange rate and interest rate shocks, causing a systematic banking crisis.
THE Anfield JSL staged its Under-13 League Cup quarter-finals, with Spellow overcoming a spirited BRSA
3-1, while top team Moscow eased past struggling Newstart 7-1.
, which has spent at least $12 bn so far rehabilitating 18 failed banks under its administration, says it expects to complete the sale to Oyak, the only bidder, by Aug.
Majed Essa Al Ajeel, Chairman of Burgan Bank said, "We thank both the Central Bank of Kuwait and the BRSA
for their continuous support throughout the process, and we are looking forward to a more fruitful start in Turkey.
Tevfik Bilgin, Chairman, BRSA
- Banking Regulator - Confirmed Mr.
said 1-3 month maturity bank deposits were worth 250.
was established in September 2000 as a quasi-independent body in order to insulate banking supervision from interference by politicians.
Although Turkcell believes that the takeover of Pamukbank will not have a material impact on its operations or its leading position in the Turkish market, it is still early to assess what other actions may be taken by the BRSA
On June 18, 2002, the BRSA
transferred the management and supervision of Pamukbank, one of Turkcell's shareholders to the Savings Deposit Insurance Fund of Turkey (SDIF) citing, among other things, a failure to meet capital requirements.
We would like to take this opportunity to thank the Central Bank of Kuwait, BRSA
, the Turkish Capital Markets Board, Eurobank EFG, Tekfen Group, our advisers, our new colleagues the Management and staff of Eurobank Tekfen & its subsidiaries for their support throughout the sales and handover process, added by Al-Ajeel.
rejected the offer and announced today the takeover of Pamukbank, citing that its continued operations would endanger the security and stability of the financial system.