Halkbank

A U.S. judge on Feb. 16 agreed to dismiss a case against Turkish state-lender Halkbank filed by victims of attacks by groups linked to Iran, on the condition that the sides reach an agreement to carry on with the case in Turkey.

Max Hoffman is the associate director of National Security and International Policy at the Center for American Progress and his work is focused on Turkey, Europe and the Middle East.

İYİ (Good) Party leader Meral Akşener on Jan. 27 welcomed a decision by the government for postponing loan repayments of tradespeople as part of pandemic public assistance efforts while stating that the decision was not enough.

Following Turkish state lenders' step to gather automated teller machines (ATMs) under a joint brand, a private lender has struck deals with two major private banks to offer expanded ATM services to its customers.

The Turkey Wealth Fund (TWF) is subject to very strict and thorough audit, Vice President Fuat Oktay has said.

Replying to opposition criticism about the debt ratio of the fund during a parliamentary debate on the 2021 budget, Oktay said on Dec. 16 that claims that the TWF is not being audited are wrong.

Ratings agency Moody's has said it has upgraded the long-term foreign currency deposit ratings of 12 Turkish banks.

The acquisition of a 10% share in Turkish stock exchange Borsa Istanbul by the Qatari state Investment Authority was completed on Nov. 30.

According to a statement from the Turkiye Wealth Fund (TWF), the transaction size of $200 million implies a total equity value of $2 billion.

The three largest Turkish state-owned banks have unveiled new advantageous loan packages in four categories in a bid to help stimulating the economy as the country relieves the effects of the coronavirus pandemic.

The cash loans in Turkey increased 14 percent in the first quarter hitting as high as 3.02 trillion Turkish Liras ($441 billion), according to the Banks Association of Turkey (TBB) on May 18.

The Turkish Wealth Fund (TWF) announced late on May 11 that it will raise the core capital of three state lenders.

"To strengthen capital structures and support the adequacy of Ziraat Bank, Halkbank and VakıfBank, we have launched the necessary works to raise core capitals by a total of 21 billion Turkish liras [some $3 billion]," the TWF said in a statement.