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Robust capital support by TWF

9 March 2022
Türkiye Wealth Fund (TWF) has successfully completed the process of increasing the core capitals of Ziraat Bank, Halkbank, and VakıfBank as well as providing subordinated loans to Development and Investment Bank of Türkiye, Ziraat Katılım Bank, and Türkiye Emlak Katılım Bank. The TRY 51.5 billion-worth injection demonstrates our faith in Turkish economy and enables public banks to access essential resources to support their investments.

The amount of capital increase and subordinated loans provided by TWF and TWF Market Stability and Balance Fund (PDIF) are as follows:

With this strong capital increase, TWF raised its 75.3% shares in Halkbank to 87.7%, and 35.9% shares in VakıfBank to 64.8%.

By the injection realized upon TWF’s aim to reinforce the stability and deepening of the financial markets, the liquidity and capital ratios of the banks have been strengthened. Thus, the capital support will not only minimise the effects of the fluctuation in global financial markets on Turkish banks but also make public banks stronger and more dynamic by enhancing their contribution in real economy. Continuous support for public and participation banks, will remain among the priorities of TWF.

The financing of the capital injection is provided by the cash generated from the debt securities issued by the Republic of Türkiye Ministry of Treasury and Finance as private placement to Türkiye Wealth Fund that will be purchased by the state-owned banks. 

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