Turkey's Ziraat Bank raises capital to 34.9 bln lira

Turkiye Vakiflar Bankasi TAO

16/02/2022 06:27

ISTANBUL, Feb 16 (Reuters) - The capital of Turkey's Ziraat
Bank will be raised to 34.9 billion lira ($2.57 billion)
according to footnotes of the bank's annual financial report,
with the amount to be paid by the Turkey Wealth Fund.
    The wealth fund will pay 21.8 billion lira for the capital
increase, according to the statements.
    Earlier this month, Turkish state-owned Halkbank  HALKB.IS 
and Vakifbank  VAKBN.IS  said they will carry out capital
increases by private placement, with combined total sales
proceeds of 26.8 billion lira and the shares issued to be sold
to the Turkey Wealth Fund.  urn:newsml:reuters.com:*:nL8N2UK65P
($1 = 13.6002 liras)

 (Reporting by Can Sezer and Ebru Tuncay
Writing by Ezgi Erkoyun
Editing by Daren Butler)