11.02.2020 Ankara
The Union of Chambers and Commodity Exchanges of Turkey (TOBB) President M. Rifat Hisarcıklıoğlu speaking in regards to the regulation containing changes to the Banking Regulation and Supervision Authority’s (BDDK) “Regulation on Procedures and Principles on Fees for Financial Consumers,” stated that they are bringing these issues before the government continuously and the positive result is welcomed by the entire business community.
Hisarcıklıoğlu
statement is as follows:
“For
some time, in addition to loan interest, the fees and commissions received by
the banks had become a separate expense item. We received many complaints from
our traders and industrialists due to the demands of banks and very high fees
and commissions under dozens of different names.
In
the last 10 years, the transaction fees received by banks have increased 4.5
times. Last year alone, the rate of increase was 34%.
Banks,
when using the Central Bank’s EFT system at 20 centimes per transaction, demand
that we pay 20 liras per transaction.
Another
nuisance was credit early payment/closing commissions. Entrepreneurs who wanted
to close the loans they used at high interest were almost punished. Some banks
had brought it to the point where those who demanded commissions of 10 points
or even above had emerged.
We
have raised all these issues constantly with our government. The positive
result was welcomed by our entire business world.
The
limit on transaction fees is very positive. Both our citizens and our real
sector will breathe a sigh of relief. The arrangement will reflect positively
on trade life.
I
would like to thank those who have contributed to our voice and brought
solutions to this important problem, especially our Treasury and Finance
Minister Berat Albayrak.”