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25-07-20

Halkbank in conformity with worldwide directives

(MENAFN) On Friday July 24 Turkey's nationalized bank stated that Halkbank is in full compliance with national and worldwide directives and a United States court case in opposition to it will be unsuccessful.

Halkbank stated in a statement about the court case filed by a group of applicants in the United States District Court for the Southern District of New York claiming they could not gratify judgments entered in opposition to Iran because of Halkbank's supposed sanctions breachs that "Similar unsuccessful attempts, involving some of the same plaintiffs here, have been made in the past against other international banks,".

Halkbank stated that "However, not only are the claims against the Bank false, but they also have nothing to do with the aforementioned plaintiffs' judgements against Iran, and they do not in any way impact the satisfaction of those judgements,", whereas emphasizing the case that seems to effort to construct a link with the supposed claims set forth in the present criminal case in New York, it pointed out "unsubstantiated attempts without any merit" that aim the bank and political campaign in opposition to Turkey.

The Bank Stated that "The Bank will avail itself of all its legal rights under U.S. law, Turkish law and international law, against all false claims and attempts that could discredit the Bank as we observe them every time Turkey takes a step to use its sovereign rights, regardless of our compliance to international law.".
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