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Türkiye Emlak Katılım Bankası

Türkiye Emlak Katılım Bankası A.Ş. is a state-owned bank re-established as a participation bank with an operating license dated February 25, 2019. Its predecessor, Türkiye Emlak Bankası, was founded on January 8, 1988, through the merger of Anadolu Bankası and Türkiye Emlak Kredi Bankası.

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Emlak Katılım seeks approval for Katılımevim, Birevim transfers

Türkiye Emlak Katılım Bank applied to the Turkish Competition Authority for approval of the transfer of Katılımevim, Birevim and İktisat Katılım shares. The bank said other approval processes are ongoing.

Economy

Emlak Katılım applies for permission for share transfer of three companies

Türkiye Emlak Katılım Bankası announced it had officially applied to the Treasury and Finance Ministry, the Capital Markets Board (SPK) and the BDDK for the share transfers of Katılımevim, Birevim and İktisat Katılım Bankası.

Economy

Public institutions take steps in fund crisis, Central Bank foreign currency sales in focus

The Treasury and Finance Ministry convened the Financial Stability Committee, and the Central Bank (TCMB) raised repo funding to 300 billion lira. According to reports citing Reuters, the Central Bank sold approximately $5 billion on Wednesday; the Türkiye Wealth Fund was reported to have made purchases on the stock exchange.

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Economy

Emlak Katılım begins acquisition talks for Katılımevim and Birevim

Türkiye Emlak Katılım Bankası notified the Public Disclosure Platform (KAP) that its subsidiary had begun talks to acquire Katılımevim and Birevim Tasarruf Finansman. The companies had recently been acquired by Tera Yatırım Holding from Pusula Finans Holding; that transfer was still awaiting official approval.

Economy

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