Türkiye Wealth Fund has completed the acquisition of Halkbank's participation bank, Halk Katılım, for TL14.8bn, Halkbank said in a KAP filing on 10 November 2026, as the fund also took full ownership of Ziraat Katılım.
Why Türkiye Wealth Fund (via TVF Katılım Finans Yatırımları A.Ş.) is buying Halk Katılım Bankası A.Ş. (99.99%, from Halkbank), alongside Ziraat Katılım
According to TVF's announcement, reported by Anadolu Agency, the combination is intended to increase the capacity and competitiveness of participation finance institutions and to grow their share of the financial markets, as part of a process to bring state-owned participation lenders under a single roof.
Deal terms and financing
Halkbank sold 11.5bn nominal shares, equal to 99.99% of Halk Katılım's capital, at TL1.2870 a share for a total of about TL14.8bn and recorded a sale profit of about TL39.9m. Halkbank said the price was set using the equity method and that no separate valuation report was prepared; the buyer is a related party sharing the same ultimate shareholder.
Regulatory approvals and timing
Turkey's Banking Regulation and Supervision Agency (BDDK) approved the Halk Katılım transfer on 22 October 2026, and the share transfer closed on 10 November 2026.
Market context
TVF Katılım Finans Yatırımları signed the share transfer agreements for Ziraat Katılım and Halk Katılım on 7 October 2026. After the transfer, Halkbank no longer holds any stake in Halk Katılım, whose share capital is TL11.5bn.
