Recent social media posts have sparked a lot of debate over the past few hours, claiming that a decision was issued to close branches of several non-banking financial companies. However, the Financial Regulatory Authority (FRA) has confirmed that these claims are completely false. They emphasized that the sector is operating normally and no new regulatory decisions have been issued regarding this matter. An informed source at the Financial Regulatory Authority also denied the accuracy of what was circulated by several anonymous accounts regarding a decision to close branches of a large number of non-banking financial companies and institutions. The source stressed that the information being shared is not based on any official decisions. The source clarified that the decision currently being circulated is not a new one. Instead, it dates back to October 2025 and was limited to revoking microfinance licenses for a number of Category C non-governmental organizations and institutions, in accordance with the regulations and decisions governing that activity at the time. The source added that the circulating information mixes up a decision issued months ago with the names of companies operating in the non-banking financial sector that have no connection to it. They confirmed that the companies whose names are being shared through these accounts were not included in the aforementioned decision, nor have any recent decisions been issued against them regarding branch closures or license revocations. The source strongly urged citizens and those involved in non-banking financial activities to be careful and not to follow rumors or unverified information circulating on social media platforms. They advised relying on data and decisions issued through the FRA's official channels, as these are the accredited source for information related to the sector. Finally, the source affirmed that the Authority continues to monitor what is being circulated regarding non-banking financial activities. They are taking the necessary measures to maintain market stability and protect the rights of those dealing with these entities, noting that any new regulatory decisions will be officially announced through the FRA's approved platforms and channels.
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