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Significant Contribution from TWF to the Economy and Capital Markets

19 September 2025
Türkiye Wealth Fund has taken a strategic step highlighting the resilience of Türkiye’s banking sector and the increasing depth of its capital markets by successfully completing the offering of 1.53% of VakıfBank shares—out of its 74.79% stake—to international investors, reaffirming foreign investors’ confidence in Türkiye.

Türkiye Wealth Fund (TWF) successfully offered to international institutional investors VakıfBank shares with a nominal value of TL 152 million, corresponding to 1.53% of its 74.79% stake in the bank. This transaction marks another important step that contributes to the development of Türkiye’s capital markets and supports the increasing interest of foreign investors.

The offering, launched on 16 September 2025 through an accelerated bookbuilding process, was completed at a price of TL 27.07 per share, raising a total of TL 4,114,640,000. The transaction was executed with a discount of approximately 6% compared to the market closing price.

Settlement was successfully completed on 19 September 2025 under customary closing conditions and off-exchange. Following the transaction, TWF’s direct shareholding in VakıfBank stands at 73.26%. TWF remains the principal shareholder of the bank.

This marks the first transaction in which TWF acted as a seller in the capital markets, aligning with its objectives to support financial market improvements and to further deepen capital markets. At the same time, the transaction enhances liquidity in shares listed on Borsa İstanbul, increases the free float ratio, and—thanks to strong demand from international institutional investors—clearly reflects confidence in both the Turkish economy and the country’s banking sector.

In particular, VakıfBank’s solid financial performance and strong corporate governance approach have played a decisive role in fostering this investor confidence. The continued interest of international institutional investors in the Turkish banking sector not only highlights the sector’s dynamism but also underscores confidence in Türkiye’s macroeconomic outlook and structural transformation capacity.

Following the transaction, TWF has committed not to sell additional shares for a period of 90 days, with certain customary exceptions. Looking ahead, TWF will continue to act in line with the principles of transparency, investor confidence, and financial depth, further enhancing the value of its portfolio assets for both the Turkish economy and the international capital markets.

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