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Turkiye: Turkiye’s state-owned Vakıfbank carries out capital increase by USD 1 billion

Description

On 9 February 2022, Türkiye Vakıflar Bankası T.A.O. (Vakıfbank), Türkiye’s state-own bank, announced its decision to carry out a capital increase by TRY 13.4 billion (USD 984.2 million) through fundin...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

09 Feb 2022

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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