Turkey’s Wealth Fund to Take Over Ziraat, Halkbank Islamic Units

🇹🇷 Bloomberg (TR) —

AI Summary

Turkey’s state-run Ziraat Bankasi and Halkbank have sought regulatory approval to transfer their Islamic banking units to a subsidiary of the Turkey Wealth Fund. The proposed reorganization is documented in public filings.

Turkey’s state-run lenders Ziraat Bankasi and Halkbank applied for regulatory approval to transfer their Islamic banking units to a Turkey Wealth Fund subsidiary TVF Katılım Finans Yatırımları AS, according to public filings.

Politics Markets Deals Turkey Ziraat Bankasi Halkbank Islamic banking Turkey Wealth Fund asset transfer regulatory approval

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