According to the statement made by the Savings Deposit Insurance Fund (TMSF), the SDIF Fund Board made its final decision after the positive opinions of the Banking Regulation and Supervision Agency (BDDK).

Accordingly, the transfer of Turkish Commercial Bank to HDI, in which 20 private and public banks are partners, together with the Turkish Exporters Assembly, exporters’ associations, Turk Eximbank, was deemed appropriate.

Founded in 1913 and decided to be liquidated by the BRSA in 2001, its banking license was revoked, the Turkish Commercial Bank was brought back to the Turkish economy with the intensive work carried out by the SDIF for years.

Being among the oldest banks in Turkey, Türk Ticaret Bankası will serve the exporters’ financing and banking needs.

Three participants competed in the sales tender opened by the SDIF, and HDI submitted the highest bid in the tender with a price of 455 million TL.

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