New era at two public banks: All shares transferred to TVF

Turkey’s sovereign wealth fund has transferred full ownership of Ziraat Katılım and Halk Katılım to its subsidiary TVF Katılım Finans Yatırımları AŞ, consolidating the two state-owned participation banks under a single holding. The move places 100% of both banks’ shares under the same roof, ending their separate ownership structures within the Turkish Wealth Fund. It matters because the consolidation could pave the way for closer integration of the two lenders’ operations, branch networks and capital planning in Turkey’s Islamic finance sector. Watch for follow-up steps on potential merger talks, governance changes and capital injections, as well as any regulatory filings with Turkey’s banking watchdog.