Felicity (Saadet) Party Konya Deputy and Chairman of Youth Branch Abdulkadir Karaduman brought the decline experienced after the transfer of Halkbank and Vakıfbank shares to the Wealth Fund on the agenda of the Turkish Grand National Assembly (TBMM). Karaduman, who submitted a parliamentary question to the Presidency of the TBMM with the request of Vice President Fuat Oktay to answer, asked the reason for the decrease in the shares.
EXTREME DECREASE IN SHARES
Reminding the decline in public bank shares, Karaduman said, “After the 87,70 percent shares of Halkbank belonging to the Treasury were transferred to the fund with the decision of the Council of Ministers dated January 24, 2017 and numbered 2017/9756, this ratio decreased to 75,29 percent by the end of 2020. Likewise, while the share ratio of Vakıfbank transferred to the fund was 64,80 percent, this ratio decreased to 35,99 percent by the end of 2020. In the face of this situation, since you have assumed the duty of Chairman of the Board of Turkey Wealth Fund Management Joint Stock Company; You are expected to ensure that the public is informed about the fate of lost 28,81 percent Vakıfbank shares and 12,41 percent Halkbank shares.
“WHAT IS THE REASON FOR THE DECREASE IN SHARES?”
Karaduman asked the following questions to Vice President Oktay:
“How do you explain this change in capital ratios?
Have some of the shares of these banks been sold abroad in the last 5 years?
What is the current ratio of public shares in Halkbank and Vakıfbank?
What is the reason for the decrease in share ratios after transfer to the fund?
If the difference in the ratio of the shares of Halkbank and Vakıfbank, the majority of which is publicly owned, is due to the capital increase, how did the capital increase that caused the decrease in the public share in these banks occur?”