05.06.2026 07:10
The sale process of BankPozitif, which was transferred to the TMSF management following an illegal betting investigation, has been completed. The bank, which has been operating for 24 years, was transferred to Efor Holding, the owner of the Efor Çay and Ofçay brands, after the approval of the Competition Authority.
A remarkable development has occurred in the sales process initiated after companies belonging to businessman Erkan Kork, who was arrested in March as part of an illegal betting investigation, were transferred to the Savings Deposit Insurance Fund (TMSF).
The new owner of BankPozitif, which is among the companies taken over by the TMSF management and has been operating in Turkey since 2002, has been determined.
SALES PROCESS COMPLETED BankPozitif, whose previous sales tender was postponed, was put out to tender again in recent months with an estimated value of 1.1 billion Turkish lira. The tender was won by Rize-based Efor Holding, the owner of the Efor Çay and Ofçay brands.
Erkan Kork COMPETITION AUTHORITY APPROVED The Competition Authority approved the transfer of shares of the bank, where TMSF serves as trustee under Article 2 of the Provisional Article 2 of Law No. 7145. With the decision, BankPozitif's shares were officially transferred to Efor Holding, and the new owner of the bank became Efor Holding A.Ş.
LAWSUIT FILED AGAINST ERKAN KORK Erkan Kork, detained on March 14, 2025, as part of the illegal betting investigation, had the management of his companies transferred to TMSF. The Istanbul Chief Public Prosecutor's Office, which completed the investigation, filed a lawsuit against Kork seeking a prison sentence of up to 26 years.