ANKARA - Savings Deposits Insurance Fund (SDIF) took over administration and control of Imar Bankasi on Friday after removal of operating license of Imar Bankasi.
SDIF issued a statement on the issue and said executive board and supervision board members were appointed to the Bank aiming to carry out procedures envisaged on Article 16 of the Banking Law, and to protect rights of other creditors.
The statement said total interests of the deposits would be within the scope of insurance starting as of July 3, 2003, and will be paid to the depositors after fulfillment of necessary assessments.
The statement said depositors would be briefed in detail about the developments.
(AY-AÖ) 04.07.2003