TR Monitor

Including IsBank in the Wealth Fund?

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Some argue that after the CHP shares are transferre­d to the Treasury, IsBank will be included in the Turkish Wealth Fund. The legal aspect of such a move is another story, but let’s say IsBank is included in the Wealth Fund. Then what?

So with IsBank in its pocket, will the Wealth Fund be able to borrow more or borrow under better conditions? What will it do with that money?

Wealth funds are created with supplement­al resources. But in this case, we are trying to create a fund by transferri­ng money from one source to another.

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