The Saving Deposit Insurance Fund (TMSF), which has seized Bank Asya, which is affiliated with the Gülen Movement, has determined the details of a precautions package. The bank will not be able to open new branches due to uncertainties in its liquidity structure and since it cannot profit from its main activities. With the seizure by the TMSF, loan allocation and tracking processes and procedures will be improved to make the bank profitable again. Bank Asya is now waiting for the final report of the Banking Regulation and Supervision Board (BDDK) for the general assembly to be held. The new management assigned to the bank is striving first to preserve the current business and recover its customer portfolio. The information and documents submitted by the shareholders after the TMSF seized Bank Asya are currently being examined. Furthermore, criminal and judicial lawsuits will be filed against the previous management, which signed agreements that resulted in bad debt.
