Cookies are used on our website in accordance with the legislation. By clicking on Change Cookie Preferences, you can access the cookie settings and our Cookie Policy, and get detailed information about the cookies we use and our data processing purposes.
Change Cookie Preferences
TR SEARCH TÜRKÇE
MENU CLOSE
Who we are
About Us
General Info Our Mandate
Board & Management
President’s Message Board of Directors Committees
Corporate Governance
Our Values Ethical Principles Human Resources Policy Sustainability
Our Portfolio Financial Services Transport and Logistics Energy Mining and Iron - Steel Licenses Technology and Telecom Agriculture and Food Real Estate
Investor Relations Reports-Copy1728578798 Reports Legislation
Contact Disclosures Contact Info
Back to Disclosures Back to Disclosures

The process of increasing the core capitals of Ziraat Bank, Halkbank and VakıfBank completed

May 20th, 2020
Upon our announcement on May 11th, we have completed the process of increasing the core capitals of Ziraat Bank, Halkbank and VakıfBank with a total of TL 21 billion.

Upon our announcement on May 11th, we have completed the process of increasing the core capitals of Ziraat Bank, Halkbank and VakıfBank with a total of TL 21 billion.


Following the transaction that we have completed per our mandate to reinforce the improvement and deepening of financial markets in Turkey, our share is increased to 75,29% in Halkbank and 35,99% in Vakifbank. TWF already owns 100% of Ziraat Bank.


The state-owned banks have a critical role to support the economic and financial stability in Turkey and they will become stronger against the negative impacts of COVID-19 which has been stressing the global economic and financial system. Details of the transactions have been provided within the Public Disclosure Platform announcements of Halkbank and VakıfBank.


We will keep on sharing the developments.





Back to Disclosures