Share repurchase in two banks

Exchange Istanbul is going through active days. Banking stocks suffered a serious loss in the last week after the rapid rise. After the futures crisis, which started with the reversal of highly leveraged transactions, banks took action.

While Halkbank’s share repurchase move is coming; İşbank Munzam Foundation bought İşbank shares with a nominal amount of TL 5 million.

İşbank Munzam Foundation announced yesterday that it has purchased İşbank shares in a nominal amount of 5 million TL. In the statement made to KAP this morning, it was stated that the share in İşbank’s capital increased from 37,262 percent to 37,312 percent after the purchase. With yesterday’s closing, the loss of İşbank shares in the last week reached 34 percent.

Having decreased for six days, Halkbank also bought back shares amounting to TL 72.5 million against a nominal amount of TL 8.85 million. Share purchases were realized at a price range of 8.06-8.58 TL. In the statement made to the Public Disclosure Platform, the total amount of these purchases of the bank was recorded as 38 million TL.

Halkbank shares fell by 44 percent for six days in a row after making a premium of over 200 percent during the rise that continued from mid-July to September 12.

Takasbank contributed to the recovery of the banking index with the change it made in risk parameters yesterday.