With the approval of the Financial Supervision Authority, TBB Bank has begun voluntary termination of operations and liquidation proceedings. The company, which no longer holds a banking license, asserts that it has sufficient funds to meet all obligations to its clients.
A notice published Friday revealed that AS TBB Bank received permission from the Financial Supervision Authority on April 14, effectively ending its license as a credit institution. As a result, the former bank no longer provides financial services.
The company stated that all clients can retrieve their funds from TBB Bank by submitting a relevant application. Transactions are being handled through TBB’s account at Coop Bank.
According to a decision by shareholders,…
