Halkbank's stocks, which are traded at Istanbul Stock Exchange Market (BIST 100), have started increasing after a decline was observed following the bank's announcement of its resolution for a paid capital increase last Friday.
Halkbank had passed the decision to increase its issued capital in cash by TL 1 billion from TL 1.25 billion to TL 2.25 billion. The price of Halkbank's share certificates was TL 13.85 at the closing of BIST 100 on Friday. On Monday, after a start at TL 13.50, it dropped down to TL 13.35 and as of 3:19 p.m. on Monday, they were traded at TL 13.70.
According to the announcement from Halkbank last Friday, the Amendment of the Main Articles of Association will be submitted to the Banking Regulation and Supervision Agency and the Ministry of Customs and Trade. It was further revealed that the increase amount will be used for capital subscriptions of the participation bank the bank is planning on funding as an affiliate.
