22.02.2025 21:40
On the Friday when Borsa İstanbul experienced a historic decline, Yapı Kredi Yatırım, which recorded the largest net sales of the day at 3.5 billion TL, made a statement. In the statement, Yapı Kredi emphasized that they are merely an intermediary and noted that they do not interfere with their clients' transactions on Borsa İstanbul.
The Istanbul Stock Exchange caused serious losses to its investors on the last trading day of the week. The daily loss in the BIST 100, which experienced a sharp decline, exceeded 3.4%.
SALES RECORD ON FRIDAY IN THE STOCK EXCHANGE BY YAPI KREDİ INVESTMENT
On the day of the decline in the BIST 100, the transactions made by some companies drew the attention of investors. The first of these was Yapı Kredi Investment. Yapı Kredi realized the largest net sale of the day with 3.5 billion TL.
STATEMENT FOLLOWING THE REACTIONS
Following the reactions, a statement came from Yapı Kredi Investment. In the statement, the bank noted that they did not intervene in the transactions carried out by customers on the Istanbul Stock Exchange, but only acted as an intermediary.
The statement included the following remarks: "After the 2% decline experienced in the BIST equity market on February 21, 2025, it became necessary to make a statement due to the false claims made against Yapı Kredi Investment on social media and in the press. Yapı Kredi Investment has been the leader in transaction volume on an annual basis in the Borsa Istanbul Equity and ViOP markets since 2018, with a wide customer base. Accordingly, it has stood out as the brokerage firm that has realized the highest transaction volume on many dates in the stock market. On the mentioned date, it was the highest seller in the equity market for the total transactions it brokered, while it was the highest buyer in the ViOP market where the relevant derivative transactions took place.
"WE ARE ONLY INTERMEDIARIES"
Furthermore, the brokerage activities of investment firms consist of transmitting orders received from their clients to the Istanbul Stock Exchange trading platform. The vast majority of the transactions carried out on the mentioned date are of a brokerage nature, and our institution has no intervention in the customer decision mechanisms. Due diligence has been exercised regarding compliance with the regulations we are obliged to adhere to in the transactions carried out, and we would like to inform the public that we will exercise all our legal rights against false, misleading, and unfounded comments that may damage the reputation of our institution."
SPK INITIATED AN INVESTIGATION
Meanwhile, following the historic decline in the Istanbul Stock Exchange, the Capital Markets Board (SPK) took action. In a statement made by the SPK, the following was stated: "An investigation has been initiated regarding the extraordinary price movements in the BIST equity market. All transactions of institutions have been put under review by our board and Borsa Istanbul A.Ş. In the event that actions and transactions that disrupt the trust, transparency, and stability of the capital market are detected, criminal and/or administrative sanctions will be applied to the responsible parties by our board in accordance with the provisions of the Capital Markets Law. Additionally, necessary legal actions/investigations have been immediately initiated against those who make intentional and misleading news that cause unusual price and quantity movements and those who disseminate this news. Respectfully announced to the public."