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A Bank Stake It No Longer Holds

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A Bank Stake It No Longer Holds

This article records tradition as it has been passed down and reported. Its sources are not yet part of the atlas's verified catalogue.

For decades VGM held a controlling stake, 58.51 percent, in VakifBank, one of Turkey's largest banks by assets, a striking holding for a foundations-oversight body to carry alongside its mosque and charitable-property mandate. That stake ended on 11 December 2019, when it was transferred by presidential decree to the Ministry of Treasury and Finance, according to VakifBank's own ownership records.

The 2019 transfer means the bank stake is historical rather than current: VGM does not hold this stake today, and no valuation of its present-day real estate and foundation-oversight assets, as distinct from the former bank holding, is recorded in the public disclosure record available here.

VGM does publish yearly budget and financial tables and is separately audited by Turkey's national Court of Accounts, but these are Turkish-language government financial statements rather than a single public headline figure, and no consolidated valuation of the real estate and foundation assets it administers nationwide was found. The VakifBank stake remains, for now, the one widely documented monetary figure associated with the institution, and it describes a holding VGM no longer has.

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Source Ownership Structure (VakifBank Investor Relations)
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Ownership Structure (VakifBank Investor Relations)
VakifBank (Turkiye Vakiflar Bankasi)View the Source
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