Bank Resolution Operations

Due to the problems the Turkish banking system faced after 1994, and the crises that broke out in 1998 and in the following years, the licenses of 6 banks were revoked and these banks were ordered for adjudication, while 20 banks, along with their management, control, and shareholder rights excluding dividends, were transferred to the Fund.

Aside from improving the procedures for bank resolution operations, the Fund continues to effectively perform liquation,resolution and recover processes of 26 banks in total, which were transferred to the Fund along with shareholders rights, management and control, except dividends, and the ones with a revoked operating license and a bankruptcy order.