Foundation of Finance, Central Bank of 5 billion tax cut penalty, in his investigation found the source of honey pension.
Retired members of the public from the 31 thousand pounds raised salaries from the Central Bank of the Social Security and Welfare Foundation (Marwan), members' pensions in the secret of honey during the tax audit was resolved. Foundation, the Ministry of Finance cut the tax penalty of 5 billion pounds in the source of his salary honey found in controls. The investigation, the foundation was established in 1987, the year 1968 were made on the basis of the transfer of funds. In this context, together with interest on the total amount of resources transferred from the bank reached 7.6 billion pounds were calculated. Finance, asked that the money be returned to the Treasury.
CRIMINAL 5 billion cut
The Foundation's safe from the 7.6 billion pounds, appeared in control of Finance Ministry tax. Central Foundation also conducts commercial activity, due to paying no tax at the Ministry of Finance, received the foundation's accounts under the spotlight, after the audit had cut the tax penalty of 5 billion pounds. Controllers, tax investigations, during the foundation's resources to be debated for years, and also investigating whether honey was learned that the real salaries. According to information obtained in research, the foundation of a safe source was about 6 billion pounds. Maliyeciler, took the money trail. Rustu Saracoglu Head of the Central Bank was established in 1987, the period of the statute of the foundation's establishment, the members to cut salaries by 10 percent, 20 percent for every staff member from the bank also decided to make contributions. Management of the Bank during that period, 'the bank to contribute to' application was based on the anniversary of the personnel working at the bank. Thus, for some members to pay co-payment was made since 1968.
MONEY OVER 7 YEARS AKTI Foundation
Control elements of the Ministry of Finance, the bank has found documentation of resources transferred to the foundation. 1988, it stopped payment of contributions until 1995 a total of 3 billion pounds from 613 million transfer was performed. The foundation of this resource by using the Treasury bond yields to evaluate the updated bonosunda. As of 2006 the amount of resources transferred to the foundation from the bank, 7.6 billion pounds that day's exchange rates that were 5.2 billion dollars.
Törüner 1.9 million pounds during the transposed
Ministry of Finance, the foundation paid 32 thousand pounds among those shown in the former President of the Central Bank Yaman Toruner period, also released the source transfers. Stopped payment of the participation shares of the Bank in 1995 during the presidency of Törüner'in, bank, foundation 1.9 trillion pounds (1.9 million pounds) was the transfer of funds.
31 billion honey pension
Ministry of Finance control elements, the foundation researched the salaries paid to bank pensioners. Accordingly, after retiring from the bank's president, retired from the state other than salary, the foundation is charged in two separate. Part of this fee 'pension fund as' paid. The same retirement pension fund also pays a real return. For example, a retired president, 11 thousand pounds of pension fund, the real return fee is 20 thousand pounds. Thus, the president's salary is 31 thousand pounds.
Showing posts with label Central. Show all posts
Showing posts with label Central. Show all posts
Friday, December 24, 2010
Saturday, December 18, 2010
Following the decision of the Central Bank's repo rate cut was 8 percent reserve requirement.
The Central Bank re-organized the required reserve ratios.
Published in the Official Gazette and implemented from the date of January 7, 2011 with the Turkish lira liabilities Mandatory Provisions Pertaining to the required reserve ratio will change from 5 to 8 percent. This rate, foreign currency liabilities as 11 percent will continue to apply.
This new legislation required reserve ratios as of January 7, 2011 will be as follows:
Turkish lira liabilities:
-Demand, notice deposits and current accounts special: 8 percent
-1 up to month term deposits, accounts of participation (1 month included): 8 percent
-3 months time deposits, participation accounts (including 3 months): 7 per cent
-6 months time deposits, participation accounts (including 6 months): 7 per cent
-1 year term deposits, accounts of participation: 6 percent
-1 year, and long-term deposits less than 1 year, cumulative deposits with sharing accounts, accounts of participation: 5 Percent
-Deposits, other than participation fund liabilities: 8 percent
-Special fund pools corresponding to the maturity of 7 percent and 5 percent
Foreign currency liabilities: 11 percent
Published in the Official Gazette and implemented from the date of January 7, 2011 with the Turkish lira liabilities Mandatory Provisions Pertaining to the required reserve ratio will change from 5 to 8 percent. This rate, foreign currency liabilities as 11 percent will continue to apply.
This new legislation required reserve ratios as of January 7, 2011 will be as follows:
Turkish lira liabilities:
-Demand, notice deposits and current accounts special: 8 percent
-1 up to month term deposits, accounts of participation (1 month included): 8 percent
-3 months time deposits, participation accounts (including 3 months): 7 per cent
-6 months time deposits, participation accounts (including 6 months): 7 per cent
-1 year term deposits, accounts of participation: 6 percent
-1 year, and long-term deposits less than 1 year, cumulative deposits with sharing accounts, accounts of participation: 5 Percent
-Deposits, other than participation fund liabilities: 8 percent
-Special fund pools corresponding to the maturity of 7 percent and 5 percent
Foreign currency liabilities: 11 percent
The Central Bank lowered interest rates by a maximum of credit card transactions to be implemented.
The Central Bank lowered interest rates by a maximum of credit card transactions to be applied. Banking Regulation and Supervision Agency in the regulation of credit card minimum payments went into effect today. Sorted by the payment problem, residents unable to withdraw cash.
Published in today's issue of the Official Gazette and will be implemented 1 January 2011 Communiqué, the monthly maximum contractual interest rate credit card transactions, the Turkish lira to 2.44 percent from 2.26 percent 'or downloaded. This rate, 2.02 per cent instead of 2.54 percent for U.S. dollars, Euros instead of 2.30 percent to 1.90 percent, respectively.
Monthly maximum default interest rate reduction after the new rates, the Turkish lira to 2.76 percent, 2.52 percent in U.S. dollars, were found to be 2.40 percent for the euro. Monthly maximum default interest rate, currently 2.94 per cent for the Turkish Lira, U.S. Dollar 3.11 per cent for the Euro to 2.82 percent is applied to
Banks in accordance with relevant regulations, freely able to determine the interest rates not to exceed these rates. Maximum interest rates, determined by the Central Bank in a period of 3 months.
MINIMUM PAYMENT SYSTEM
Credit card minimum payment amount to be drawn up to 40 percent. Shot 3 times less than half the debt will not make the card that pays cash.
Banking Regulation and Supervision Agency,''Amending the Regulation on Bank Cards and Credit Regulations'', published in the Official Gazette in the number of officially went into effect.
Regulation is applied as a credit card minimum payment amount is still 20 percent, can be upgraded to up to 40 percent. Regulation, the minimum payment amounts were related to two separate arrangement. Multiples of existing credit cards with the new credit will be applied to different minimum payment requirements.
Determined according to the card limit
Accordingly, the minimum amount to be paid, your credit card limit of up to 15 thousand Turkish Lira term debt on credit cards 25 per cent, the limit of 15 thousand to 20 thousand Turkish Lira Turkish Lira-term debt of up to 30 percent on credit cards, credit card limit on credit cards is over 20 thousand Turkish Lira and 40 percent of term debt and use credit cards allocated to the new deadline of one year from the date of the beginning of the period until the debt can not be down 40 percent.
The minimum amount to be paid, your credit card limit of up to 15 thousand Turkish Lira term debt to about 25 per cent of credit cards, your credit card limit of 15 thousand to 20 thousand Turkish Lira Turkish Lira-term debt of up to 30 percent on credit cards, your credit card limit about credit cards is over 20 thousand Turkish Lira and 40 percent of term debt and use credit cards allocated to the new deadline of one year from the date of the beginning of the period until the debt down to 40 percent of this amount and the bank will not be able to determine at least at the minimum payment amount .
From today APPLICABLE
According to the amendment of the Regulation, except for credit cards will be the new minimum rates of pay as of today 24 months, according to credit card limits by at least 22 per cent increase up to 35 percent of the very process of envisioning an adjustment to be applied.
Regulation under the branches of another amendment through the appeals relating to the cancellation of the card, which at the time of receipt of this demand is the branch of a document signed by the authorities canceled or completed claim form must be an instance of the card holder was kept.
CASH SHOOT
Credit card debt 3 times in a calendar year, less than half of term debt to be taken from the payer the right to withdraw cash. It also limits the period of credit cards to pay the entire debt arttırılamayacak.
On the other hand, the regulation of this Article 6 months after the entering into force, other substances came into force from today.
Published in today's issue of the Official Gazette and will be implemented 1 January 2011 Communiqué, the monthly maximum contractual interest rate credit card transactions, the Turkish lira to 2.44 percent from 2.26 percent 'or downloaded. This rate, 2.02 per cent instead of 2.54 percent for U.S. dollars, Euros instead of 2.30 percent to 1.90 percent, respectively.
Monthly maximum default interest rate reduction after the new rates, the Turkish lira to 2.76 percent, 2.52 percent in U.S. dollars, were found to be 2.40 percent for the euro. Monthly maximum default interest rate, currently 2.94 per cent for the Turkish Lira, U.S. Dollar 3.11 per cent for the Euro to 2.82 percent is applied to
Banks in accordance with relevant regulations, freely able to determine the interest rates not to exceed these rates. Maximum interest rates, determined by the Central Bank in a period of 3 months.
MINIMUM PAYMENT SYSTEM
Credit card minimum payment amount to be drawn up to 40 percent. Shot 3 times less than half the debt will not make the card that pays cash.
Banking Regulation and Supervision Agency,''Amending the Regulation on Bank Cards and Credit Regulations'', published in the Official Gazette in the number of officially went into effect.
Regulation is applied as a credit card minimum payment amount is still 20 percent, can be upgraded to up to 40 percent. Regulation, the minimum payment amounts were related to two separate arrangement. Multiples of existing credit cards with the new credit will be applied to different minimum payment requirements.
Determined according to the card limit
Accordingly, the minimum amount to be paid, your credit card limit of up to 15 thousand Turkish Lira term debt on credit cards 25 per cent, the limit of 15 thousand to 20 thousand Turkish Lira Turkish Lira-term debt of up to 30 percent on credit cards, credit card limit on credit cards is over 20 thousand Turkish Lira and 40 percent of term debt and use credit cards allocated to the new deadline of one year from the date of the beginning of the period until the debt can not be down 40 percent.
The minimum amount to be paid, your credit card limit of up to 15 thousand Turkish Lira term debt to about 25 per cent of credit cards, your credit card limit of 15 thousand to 20 thousand Turkish Lira Turkish Lira-term debt of up to 30 percent on credit cards, your credit card limit about credit cards is over 20 thousand Turkish Lira and 40 percent of term debt and use credit cards allocated to the new deadline of one year from the date of the beginning of the period until the debt down to 40 percent of this amount and the bank will not be able to determine at least at the minimum payment amount .
From today APPLICABLE
According to the amendment of the Regulation, except for credit cards will be the new minimum rates of pay as of today 24 months, according to credit card limits by at least 22 per cent increase up to 35 percent of the very process of envisioning an adjustment to be applied.
Regulation under the branches of another amendment through the appeals relating to the cancellation of the card, which at the time of receipt of this demand is the branch of a document signed by the authorities canceled or completed claim form must be an instance of the card holder was kept.
CASH SHOOT
Credit card debt 3 times in a calendar year, less than half of term debt to be taken from the payer the right to withdraw cash. It also limits the period of credit cards to pay the entire debt arttırılamayacak.
On the other hand, the regulation of this Article 6 months after the entering into force, other substances came into force from today.
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