trending Market Intelligence /marketintelligence/en/news-insights/trending/DeDtc3Uaum2iRHNA9DtYTg2 content esgSubNav
In This List

Ministry of Treasury to take over Vakıflar Bankası shares from Directorate

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Ministry of Treasury to take over Vakıflar Bankası shares from Directorate

The General Directorate of Foundations of Turkey initiated the transfer of Türkiye Vakıflar Bankası TAO shares that it holds to the Turkish Ministry of Treasury and Finance.

The directorate will transfer group A and group B shares representing a respective 43% and 15.51% stake in the bank to the ministry.

The transfer was initiated after a presidential decree on the matter was issued Dec. 3.

The process is expected to be completed in the week of Dec. 9.