Turkey’s Halkbank Presses Ahead With Secondary Share Offering Despite Fund Crisis

Turkey’s Halkbank is continuing preparations for a secondary public share offering despite recent turmoil in the Turkish market linked to an investment fund crisis.

Chief executive Süleyman Özdil confirmed that the bank remains committed to the planned offering, citing strong interest from investors.

Halkbank is Turkey’s third-largest state-owned bank. Its decision to proceed puts investor demand at the centre of its plans as the market grapples with the disruption.

The preparations indicate that the recent turbulence has not derailed the proposed share sale. No timetable, offering size or pricing details were provided in the statement.