ARTICLE · 04 OCTOBER 2019

Monthly Bulletin April, 2019

Gurpinar Law Firm

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Our monthly law bulletin contains practical information for companies, amendments in our legislation, current case law and sectoral regulations.

TurkeyStrategy

I. Announcements

Changes in Maximum Overdue Interest Rate on Credit Cards

CBRT decreased maximum interest rates on credit cards in the first quarter of the year. The monthly maximum contractual interest rate to be applied in credit card for transaction with Turkish Lira was reduced from 2.25 percent to 2.15 percent, and the monthly overdue delay interest rate was reduced from 2.75 percent to 2.65 percent. The monthly maximum contractual interest rate to be applied in credit card for transactions with foreign currency is 1.72 percent and the maximum monthly interest rate is 2.22 percent.

II. Amendments

Amendments to the Regulation on Principles Regarding the Activities of the Stock Exchange

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