Turkey’s Ziraat Bank raises capital to 34.9 billion lira

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The wealth fund will pay 21.8 billion lira for the capital increase, according to the statements.

Earlier this month, Turkish state-owned Halkbank and Vakifbank said they will carry out capital increases by private placement, with combined total sales proceeds of 26.8 billion lira and the shares issued to be sold to the Turkey Wealth Fund.

($1 = 13.6002 liras)