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state-run banks

Fitch cuts rating of Turkey’s Halkbank, lowers outlook of state-run banks: report

Fitch Ratings has cut the Long-Term Foreign-Currency Issuer Default Rating (LTFC IDR) of Turkey’s state-run Halkbank, citing the nation’s declining foreign currency reserves and the risk of...

Turkey’s Wealth Fund increases shares at 3 state-run banks with capital injection

Shares in Vakıfbank will be sold to the Turkish Wealth Fund at 4.98 lira per share and those of Halkbank at 5.72 lira, they said, under...

Turkey mulls injecting nearly $3 billion of new capital into state-run banks: report

Turkey plans to inject about 20 billion lira ($2.8 billion) of new capital into three state banks -- Ziraat Bank, Halkbank and Vakıfbank -- in the...

Turkey to inject more money into state-run banks to increase business lending: report

Turkey’s government is considering a capital injection for state-owned banks so they can prop up businesses hit by the coronavirus pandemic, according to people with knowledge...

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