ERZURUM - Referans

The Banking Regulation and Supervision Agency, or BDDK, sent strong messages yesterday, especially warning banks on capital adequacy ratios and also newspapers on “hearsay.”
Speaking to a group of journalists in Ankara, Tevfik Bilgin, head of the BDDK, said credit card interest rates “should not be too high.” The agency looks “differently” at banks whose capital adequacy ratio has lowered to near 12 percent, he said, warning Turkish banks to show “kindness” to companies. Bad credits may rise, he pointed out, adding that they will be “harsh” on the media about “prestige-eroding, hearsay stories.”
As of the end of May citizens have a total of 39,622,926 credit cards, Bilgin said. “Credit cards are a service. They have a cost and that cost should be shared in some way,” he said. “But I do not mean very high annual membership fees or disconnected prices.”
Capital adequacy: As of the end of May, capital adequacy ratio stands at 17.07 percent, he said, adding that no bank stands below 12 percent today. “Of course, the real ratio is 8 percent and 12 percent is the buffer zone,” he continued. “I believe our banks realize the delicate balance between coming up against the BDDK and the desire for more profit.”
The current global crisis will affect Turkey, he noted, adding that banks may get involved in “wild competition” in such periods. “What is of concern for us is credit risk,” he said. “Banks should be kind to companies.”
Commenting on allegations that a public bank is “distorting the market” with its credits, Bilgin said they have not agreed upon such a conclusion. The BDDK will take precautions against “hearsay stories” and will be harsh, he warned journalists. “This is important for both newspapers and banks,” said Bilgin. “No bank has the right to ruin another bank's credibility.”