Board Resolution on Covid-19 obligations

As known, starting from the first quarter of 2020 with a purpose to reduce the negative effects of the COVID-19 epidemic on the banking sector and on the macro economy as a whole, temporary regulations were put into action within our country  in accordance with the rest of the world, regarding various obligations to be fulfilled by banks and the implementation of various international regulations.

As details can be reached from the Board’s Decisions no. 9311 and no. 9312 dated 08.12.2020 , which are announced on our website today;

-       Due to the continuing possible effects of the pandemic in the current situation, the implementation period of some of the temporary regulations have been extended.

-       In order to monitor the indicators related to the financial structure of the banking sector more transparently and to manage potential risks more effectively, it was decided to end the rest of the temporary enforcements.

With the weakening of the effects of the pandemic in the upcoming period, the regulations decided to be continued are planned to be ended on 30.06.2021, as stated in the aforementioned Board’s Decision no. 9312.

Respectfully announced to the public.