24.02.2026 18:56
The Competition Authority decided to initiate an investigation against 26 enterprises operating in the fields of banking/participation banking, insurance, and information technologies, on the suspicion that they were involved in competition violations related to the labor market.
The Competition Authority announced that an investigation has been opened against 26 enterprises suspected of being involved in competition violations related to the labor market.
REASON: COMPETITION VIOLATIONS IN THE LABOR MARKET
In the statement indicating that the preliminary investigation conducted regarding the allegations that enterprises operating in the fields of banking, insurance, and information technologies were involved in employee poaching agreements and/or the exchange of sensitive information related to labor market competition has been concluded by the Board, it was reported that the information and documents obtained during the preliminary investigation process and the examinations conducted raised serious and sufficient doubts about the restriction of competition. The statement expressed that it was decided to open an investigation to determine whether the relevant enterprises violated the Law on the Protection of Competition.
INCLUDING 13 BANKS USED BY MILLIONS
The enterprises and sectors under investigation are listed as follows:
In the field of banking/participation banking: Akbank Turkish Inc., Albaraka Turkish Participation Bank Inc., Denizbank Inc., HSBC Bank Inc., ING Bank Inc., Kuwait Turkish Participation Bank Inc., Odea Bank Inc., Şekerbank Turkish Inc., Turkish Economy Bank Inc., Türkiye Garanti Bankası Inc., Türkiye İş Bankası Inc., Yapı ve Kredi Bankası Inc., QNB Bank Inc.
In the field of insurance: Agesa Life and Pension Inc., Aksigorta Inc., Bupa Acıbadem Insurance Inc., Participation Pension and Life Inc.
In the field of information technologies: Albaraka Technology Information Systems and Marketing Trade Inc., Architecht Information Systems and Marketing Trade Inc., Bilin Software and Information Consultancy Inc., Ibtech International Information and Communication Technologies R&D Consultancy Support Industry and Trade Inc., OBSS Technology Inc., Paycore Payment Services Clearing and Settlement Systems Inc., Softtech Software Technologies Research Development and Marketing Trade Inc., Verisoft Information Processing Trade and Industry Inc., Vizyoneks Information Technologies Inc.
On the other hand, the investigation decisions taken by the Board do not mean that the enterprises under investigation have violated the relevant law and are facing or will face sanctions.