APA-Economics reports that the letter says banks don’t give authentic information about reasons for rejecting appeals to take loans. They link the rejecting with prohibition confirmed by the Financial Markets Supervisory Authority.
“We state that there is no prohibition on giving loans except real property loans. To reject the appeal must be explained with problems to be erected in case the loans are given on the basis of inappropriate appeals, which may have negative impacts on banks and citizens”, the letter said.
The Authority advised banks to base on these conditions.
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