15.10.2025 15:56
In March, 97% of Bank Pozitif, which was transferred to the Savings Deposit Insurance Fund (TMSF) as part of an illegal betting investigation, was put up for sale. The sales process will be conducted through an auction method following closed bids. The TMSF has set a preliminary price of 1 billion 100 million TL for the bank's shares.
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Bank Pozitif, which was transferred to the Savings Deposit Insurance Fund (TMSF) in March as part of an illegal betting operation, has been put up for sale.
97 PERCENT OF SHARES PUT UP FOR SALE
According to a report in Dünya newspaper, TMSF announced that 97 percent of the shares of Bank Pozitif Credit and Development Bank have been put up for sale.
APPRAISED VALUE 1.1 BILLION TL
The appraised value of a total of 3.27 billion shares for the bank, which started operations in 2002, has been determined as 1.1 billion TL. The specification fee has been set at 100,000 TL, and individuals and firms participating in the auction are required to pay a guarantee of 55 million TL.
AUCTION ON NOVEMBER 12
In the auction to be held by closed bid and open auction methods, bids must be submitted by November 11, 2025, at 19:00. The open auction will take place on November 12 at 14:00 at the TMSF headquarters.
WHAT HAPPENED?
In March 2025, as part of an illegal betting investigation conducted by the Istanbul Chief Public Prosecutor's Office, a detention order was issued against Erkan Kork, the owner of Bankpozitif, Flash TV, and Payfix Payment Institution, on charges of leading an illegal betting organization.
During the operation, raids were conducted on 59 suspects, and assets worth 6 billion 900 million TL were seized. Pozitifbank, Flash TV, and Payfix had also come under state control.
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