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