trending Market Intelligence /marketintelligence/en/news-insights/trending/DeDtc3Uaum2iRHNA9DtYTg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Ministry of Treasury to take over Vakıflar Bankası shares from Directorate

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


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.