Tera Portföy declares default in two funds, payment periods extended in six funds

Sources 6 sources

StateConservativeIndependentIndep.OppositionOpp.Foreign

+2 +3

Cumhuriyet TR
- Tera Portföy'ün fonları temerrüde düştü: Başkanından 'Erdoğan' ve 'spekülasyon' vurgulu açıklama geldi 16 Sept 23:20
Halk TV TR
- Fonları temerrüde düşen Tera Portföy Cumhurbaşkanı Erdoğan'a sığındı! 16 Sept 22:47
Karar TR
- Pusula’nın ardından Tera Portföy’de kritik gelişme: İki fonda temerrüt, 6 fonda ödeme süresi uzadı 16 Sept 22:18
BirGün TR
- Tera Portföy fonları temerrüde düştü 16 Sept 22:14
Evrensel TR
- Pusula Portföy’ün ardından şimdi de Tera Portföy krizi 16 Sept 22:00
Ekonomim TR
- Tera Portföy’ün iki fonu temerrütte, 6 fonunda para 10’uncu iş günü ödenecek 16 Sept 20:23

Where reports differ

Independent Ekonomim and Karar focused on the technical content of the disclosures, noting that the default does not mean the fund's collapse but that investors could not access their money within the expected timeframe, and that fund size data varied between 224 and 243 billion lira across different platforms.

Opposition Cumhuriyet, Halk TV, BirGün and Evrensel highlighted a statement by Tera Holding Chairman Emre Tezmen referencing President Erdoğan and describing the process as a "speculative attack"; they presented Tezmen's defense of a "temporary liquidity shortage" with skepticism.

Fund Investigation News Series

Where it began 16 Sept 2026 Tera Portföy declares default in two funds, payment periods extended in six funds

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8 Oct 2026 20:40 Fund crisis inquiry motions rejected by AK Party and MHP votes Yeni Yol, CHP, İYİ Party and DEM Party's Turkish Grand National Assembly (TBMM) inquiry motions on the fund crisis were rejected by votes from AK Party and MHP lawmakers.
8 Oct 2026 16:40 10-article bill on liquidation of 131 funds due in Turkish parliament next week A 10-article interim bill for the 131 funds placed under liquidation is planned to go to the Turkish Grand National Assembly (TBMM) next week. The funds total about 1 trillion lira (TL).
8 Oct 2026 16:40 YENİ Party's Ümit Özlale names two ministers in fund crisis YENİ Party İzmir deputy Ümit Özlale called on Turkish Trade Minister Ömer Bolat and Turkish Family and Social Services Minister Mahinur Özdemir Göktaş to disclose fund transactions.