Şahap Kavcıoğlu was appointed as the President of BDDK

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Şahap Kavcıoğlu was appointed as the President of BDDK

According to the decision published in the Official Gazette, Şahap Kavcıoğlu, who has been serving as the Governor of the CBRT since 2021, has been appointed as the President of the Banking Regulation and Supervision Agency. According to the decision published in the Official Gazette with the signature of President Recep Tayyip Erdoğan, previous Governor of the CBRT Şahap Kavcıoğlu has been appointed as the President of the Banking Regulation and Supervision Agency. The decision reads as follows: “In accordance with Article 84 of the Banking Law No. 5411 and Articles 2, 3, and 7 of the Presidential Decree No. 3, the Governor of the Central Bank of the Republic of Turkey Şahap Kavcıoğlu has been appointed as the President of the Banking Regulation and Supervision Agency.” Who is Şahap Kavcıoğlu? He was born on May 23, 1967 in Bayburt. He graduated from Dokuz Eylül University, Faculty of Economics and Administrative Sciences, Department of Business Administration. After graduating from Istanbul University, Institute of Accounting as an Auditor, he studied Business Administration at Hastings College. He completed his master's and doctorate at Marmara University Institute of Banking and Insurance. After working as Assistant Inspector, Inspector, Branch Manager and Assistant General Manager at Esbank TAŞ, he worked as Assistant General Manager at Türkiye Halk Bankası A.Ş. (Türkiye Halk Bankası A.Ş). Kavcıoğlu was elected as the 26th Term AK Party Bayburt MP in the November 1, 2015 general elections. During this term, he worked as a Member of the TBMM Planning and Budget Commission and a Member of the Inter-Parliamentary Union (PAB) Turkish Group. After August 2018, Kavcıoğlu served as the Deputy Chairman of the Board of Directors of T.VakıfBank TAO and the Chairman of the Board of Directors of Vakıf Gayrimenkul Yatırım Ortaklığı, a subsidiary of T.VakıfBank TAO. Married with 3 children, Kavcıoğlu was appointed as the Governor of the Central Bank of the Republic of Turkey on March 19, 2021.