SDIF Turkbank Statement
The Savings Deposit Insurance Fund (TMSF) made a statement contrary to the claim for the ‘golden share’ in Türk Ticaret Bankası (Türkbank).
Democratic Party (DP) Vice President Faik Tunay claimed that Türkbank was founded by his grandfather Hacı Adem İbrahim Beyzade in 1913 and that the family had a “golden share” in their hands. Tunay also stated that they were informed that the main contract of the founder was lost, and that they will file a lawsuit to determine the main contract and the gold share.
In response to Tunay’s accusations, SDIF management announced that Türkbank had no heirs and no gold shares. In response to these statements, Tunay said: “The bank was founded in 1913, not 1949. Look at the main articles of the association and you will see our gold stock there.”
FROM SDIF EXPLANATION
In the statement made by SDIF, it was stated that 98.50 percent of the shares of Türkbank belong to SDIF, while the remaining shares belong to the Ministry of Finance and Finance, the Social Security Institution, Vakıflar Bank, Akbank and some people. In the statement, which states that there are no ‘golden shares’ or ‘preferred founder shares’ in Türkbank, it is stated that “since there is no such regulation in the statutes, no permission is required from anyone for the sale. ”
The management of the SDIF responded to the allegations as follows, indicating that with the decision taken at the general assembly of March 15, 1949, 1,100 shares belonging to the founding members of the bank were purchased, and that these were also registered in the Commercial Registry Gazette. :
* “Every time the sale of the Turkish Commercial Bank comes to light, some people file the inheritance claim. However, they have not been able to prove their claims in the 25 years since the bank was transferred to the SDIF.
* Like the association claim of the vice president of the Democratic Party, Faik Tunay, the lawsuit filed by a citizen in 2018 in the Second Civil Court of Peace of Sakarya was rejected, without going into the merits. To date, Mr. Faik Tunay has not submitted any application to either the SDIF or the Turkish Commercial Bank in connection with the inheritance claim.
* It is not possible to lose the statutes of the company; The records of the Mercantile Registry Bulletin in which this and other similar information is published are open to all interested parties. The last announcement was published on 04.15.2009 with registration number 2883/4190.
* The shares of Munzam Vakıf, whose stake in the bank fell to 5.65 percent because it did not participate in capital increases, were also bought by SDIF in 2013. Thus, SDIF became the owner of 98.50 percent of the paid-up capital of the bank. As a result of the hard work of our institution for 20 years, the bank came out of liquidation, received a new license and entered the Turkish economy with a transparent tender.”
“LOOK 1913, NOT 1949”
In response to TMSF’s statements, Faik Tunay said: “We don’t have a business with inheritance, money or stamps. We say that we have a stock of gold, not a stock, and we are right. With the trade register dated 1949, it can be said that there is no gold stock. The bank was founded in 1913. We want the statutes of that date to be disclosed.”
Tunay also claimed that Türkbank wanted to sell itself at a very low price and made the following statement:
* “When the bank was in liquidation in 2013, a valuation was made, and even then, a valuation of TL 117 million was made. At the time it was worth around $60 million. The bank went out of liquidation, its license was granted. Today they want to give 455 million TL, that is, 23-24 million dollars.
* The value of the bank in liquidation cannot be 60 million dollars, the value of the licensed bank cannot be 24 million dollars. Previously, a capital requirement of 300 million dollars was requested from those who aspire to Türkbank. Will it be necessary now? If it is sold this way, there is a public loss. On behalf of our family, we will protest before the notary as the owner of the gold share”.