content tagged with turkey wealth fund

According to a statement by the Wealth Fund, a syndicated loan of 1 billion euro used in March 2019 has been renewed, with four new banks joining the syndication.

New general manager Ermut is also a board member of Turkish Airlines.

The general director of the fund has said that it has 1 million Euro of debt with a capital of 33 billion dollars.

The deal between the sovereign wealth funds of the two countries has been finalized.

The president's son-in-law resigned as the minister of finance earlier this month.

The TWF will be able to appoint five of the total nine directors of the firm's board via 15 percent privileged shares within its 26.2 percent shareholding.

The Fund has stated that the core capitals of three state-owned banks will be increased by 21 billion lira. With this increase, it will also become a shareholder of the Vakıfbank.