ANKARA, Jan 31 (A.A) - President Ahmet Necdet Sezer ratified the bill no: 4,743 which proposes changes in the Turkish banking system, Presidency Press Center announced on Thursday.
''Mr. President sent the bill proposing to restructure debts to financial sector and to make changes in certain articles back to Parliament on January 25, 2002 to discuss articles 6, 7 and temporary article 1.
However, the bill was approved by Parliament unchanged on January 30, 2002. Under the Constitution's Article 89, the president is forced to ratify a bill if Parliament passes it unchanged.
Under this law, Mr. President sent the bill to the Prime Ministry alongwith a letter where he drew attention to a number of points and some measures that need to be taken,'' it said.
The bill proposes to restructure and aid real sector's debts and transfer money to the banks.
Restructuring of the debts could be done by extending the maturity term of the loans, renew loans, giving additional loans, decreasing interest rates, giving up interests, partially or entirely transferring loans and signing protocols with other banks.