Business

Vakif Katilim’s capital increased to ₺9.6 billion

The Board of Directors of the Vakif Katilim approved the increase of the paid-in capital amount by ₺3 billion 915 million to a total of ₺9 billion 635 million. It was decided that the increased ₺3 billion 915 million would be covered by the partners in proportion to their shares.

Ozturk Oran, Chairman of the Board of Directors of Vakif Katilim, said, “Our institution has continued its steady growth since its establishment. We are happy with the capital increase we have realized despite the difficult conditions caused by the pandemic.”

Saying that Vakif Katilim’s assets increased by 75% in 2020 and 100% in 2021, despite the pandemic conditions, Oran said, “We have achieved a growth above the banking sector. In 2022, with our strong capital, we will continue to stand by all sectors that will support the growth of our country, especially our SMEs.”

Source: Sabah / Translated by Irem Yildiz

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