Halkbank soars after securing $1.1 bln from international markets after US case dismissal

Turkiye Halk Bankasi

26/08/2026 08:46

** Shares in Turkey's Halk Bankasi HALKB.IS jump 10% after the state-run lender said it had obtained $1.1 billion from international markets after a U.S. case dismissal
** The bank also raised $3.9 billion in external funding, including AT1 and bilateral loans, prior to the resolution of the case, it said
** It was charged in 2019, during U.S. President Donald Trump's first term, with helping Iran evade U.S. sanctions; on June 17, the case was "definitively and conclusively closed"
** Brokerage Global Yatirim says the news is "slightly positive", given the Halkbank's improved access to international funding and greater diversification of funding sources
** Including Wednesday's rise, the shares have gained 3.6% YTD​
** The stock hit the 10% ceiling on Turkey's Borsa Istanbul stock exchange and is the best performer in Turkey's main BIST 100 index .XU100

(Reporting by Arda Dipova)
((arda.dipova@thomsonreuters.com))