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Turkey’s Wealth Fund to Take Over Ziraat, Halkbank Islamic Units
Source: Bloomberg
Banking & LiquidityManagement & Governance
Turkey’s state-run Ziraat Bankasi and Halkbank applied for regulatory approval to transfer their Islamic banking units to Turkey Wealth Fund subsidiary TVF Katılım Finans Yatırımları AS. The filings report a proposed restructuring but provide no financial terms or expected market impact.
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