Press Release on Charging Commission on Euro Denominated Accounts Held with the Central Bank - 23/01/2015, (2015-05)

No: 2015-05

23 January 2015

PRESS RELEASE ON CHARGING COMMISSION ON EURO DENOMINATED ACCOUNTS HELD WITH THE CENTRAL BANK

Taking into consideration the expectations that the European Central Bank’s implementation of negative deposit rate announced on 5 June 2014 will last for a long period; it has been decided to apply a 20 basis point annual commission, to be charged on daily account balances and collected on a monthly basis, on required reserves and two days notice accounts denominated in Euro held by banks and finance companies with the Central Bank.

The implementation of commission will be effective as of 1 February 2015.

Contact:

For further information, please contact Press Secretary Yücel Yazar

Tel No: +90 312 507 5656