[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
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Update Notification Flag
Evet (Yes)
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Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
18.06.2019
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Postponed Notification Flag
Hayır (No)
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Announcement Content
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Explanations
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Reference: VakıfBank Public Disclosures Dated 22.11.2011, 11.03.2013, 16.08.2013, 17.09.2013,23.03.2015, 22.04.2015, 25.08.2015, 23.11.2015,    20.01.2016, 21.03.2016, 20.06.2016, 27.06.2016, 12.07.2016,19.09.2016, 22.11.2016,23.01.2017, 28.03.2017, 29.05.2017,17.08.2017, 27.11.2017 ,30.01.2018, 05.04.2018, 04.06.2018, 03.08.2018 02.10.2018 and 18.06.2019

It was announced with the referred disclosures that the rejection decision given in the annulment case filed against the Competition Board's decision dated 08.03.2013 and numbered 13-13/198-100 regarding the imposition of an administrative fine on VakıfBank was reversed in favour of VakıfBank and it was decided to send it to Ankara 2nd Administrative Court.

In the following process, initially, the Ankara 2nd Administrative Court issued a decision of insistence-rejection, and upon the reversal of the relevant decision by the decision of the Council of State Board of Administrative Appeals dated 31.05.2021 and numbered 2019/2709 E., 2021/1109 K., this time with the decision of Ankara 2nd Administrative Court dated 28.04.2022 and numbered 2022/921 E., 2022/877 K., it was decided to cancel the administrative fine of the Competition Board.

The aforementioned cancellation decision passed through the appeal and revision processes and was finalised in favour of VakıfBank with the decision of the 13th Chamber of the Council of State with the decision numbered 2023/1809 E. and 2023/3748 K.
According to CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.