Halkbank

Per capita income is likely to exceed $15,000 at the end of this year, Finance Minister Mehmet Şimşek has said, reiterating that the government's economic program is yielding results.

Turkish government officials are careful in their public statements regarding the results of the U.S. presidential elections to avoid leaving room for misinterpretations from Washington and to prevent possible shadows on their relations with the new president, whoever that may be.

The shares of 12 companies held by the Treasury have been transferred to the Türkiye Wealth Fund (TVF), according to a presidential decree published in the Official Gazette on Aug. 20.

Among those companies whose shares were transferred are stock exchange-listed Koza Altın, Koza Anadolu Metal and İpek Doğal Enerji.

State-owned banks Ziraat and Halkbank have each issued statements denying allegations that they incurred losses during the recent period.

Ziraat noted that its finances are regularly disclosed to the public.

Türkiye Wealth Fund (TWF) has signed a $100 million Murabaha financing agreement with Sharjah Islamic Bank (SIB).

This three-year term agreement marks the first Islamic finance transaction for the TWF.

Doğan Investment Bank acted as the financial adviser and coordinator for the transaction, the fund said in a statement.

Expert Jonathan Schanzer, the Foundation for Defense of Democracies' Senior Vice President for Research, joins Thanos Davelis to look into the Supreme Court decision this week that the Turkish state-owned Halkbank remains subject to criminal prosecution in US courts for conspiring to evade US sanctions against Iran.

The U.S. Supreme Court has given Türkiye's state-owned lender Halkbank another chance to avoid criminal charges in the United States for allegedly helping Iran evade American economic sanctions, but rejected a key defense mounted by the bank.

The Istanbul Financial Center (IFC) will open on April 17, Environment, Urbanization, and Climate Change Minister Murat Kurum has said.

A ceremony will be held to deliver houses in the Fikirtepe neighborhood to be attended by President Recep Tayyip Erdoğan, Kurum said during a visit in Istanbul.

The government's Treasury-supported loan package scheme for tradesmen and craftsmen has taken effect following a presidential decree, Treasury and Finance Minister Nureddin Nebati has announced.

The top executives of the three Turkish state lenders - Ziraat, Halkbank and Vakıfbank - have pledged to grant loans to Turkish businesses in a bid to support economic development and increase prosperity.

General managers of Turkey's three state banks met with businesspeople in the northwestern province of Bursa on Feb. 3.