Large Credit Exposure Under article 35 and 36 of Banking law, the bank is obliged to apply the provisions of the above mentioned Act regarding the big loans to a single debtor, the total amount of all loans, and the total amount of big loans. The total amount of all big and biggest possible loans may not exceed an amount eight times higher than the bank's guarantee capital. Conditions for the application of these provisions are set by the National Bank. Terms and conditions for granting credits to insiders may not be more favorable than the other terms and conditions for lending. The term loans comprises credits, guarantees and other claims granted to a single borrower.
Loans comprise claims based on overdue interest.
A single borrower is a legal or natural person and legal and natural persons, related to it in terms of capital, management or family connection. Auditing Requirements for Commercial Banks Under Article 70-76 of the banking law, banks annual statements should be audited by an authorized auditor.