ANKARA
Turkey's competition watchdog interrogated Monday officials from twelve lenders for alleged practices between 2007 and 2011 which it said might have breached the country's anti-competition laws.
The competition authority launched the probe in November 2011 after finding out "tangible evidence" that the twelve banks had agreed to jointly set maximum deposit rates and credit card fees and charges as well as increase loan rates.
The banks under investigation are Akbank, Denizbank, Finansbank, Garanti Bankasi, Halkbankasi, HSBC, ING Bank, Is Bankası, TEB, Vakifbank, Yapi Kredi Bankasi ve Ziraat Bankasi.
