Macro Finance
Turkey’s Wealth Fund to Take Over Ziraat, Halkbank Islamic Units
Bloomberg Markets·October 9, 2026·1 min read
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. The move consolidates Islamic finance operations under the sovereign wealth fund.
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