Business · Markets · 3 hrs ago
Turkey begins 29.3 billion lira in payments to fund investors
Turkey has started 29.3 billion lira in interim payments to investors in seven investment funds undergoing extraordinary liquidation.
The payments cover 235,705 investors in funds set up by Atlas, Pusula and Tera portfolio management companies.
The process follows a law passed to provide legal rules for liquidating certain funds and paying investors.
Each investor can receive up to 1 million lira in this round, with payments calculated using fund records and adjusted for money paid in or withdrawn.
The money will come from remaining fund balances, voluntary repayments and assets that can quickly be turned into cash.
Transfers are expected to finish in one to two weeks, around mid-November.
Separately, 68 billion lira has already been paid into 71,899 accounts across the wider liquidation process.
Turkey has begun 29.3 billion lira in interim payments to investors in seven investment funds under extraordinary liquidation.
The payments cover 235,705 investors and are being made through İş Bankası and Ziraat Bankası.
Interim payments are capped at 1 million lira per investor and are set to proceed from the smallest amounts to the largest.
The funds are managed by Atlas, Pusula and Tera portfolio management companies.
Separately, 68 billion lira has already been paid into 71,899 accounts during the broader liquidation process.
- Who
- Investors in seven funds managed by Atlas, Pusula and Tera; 235,705 are covered by the interim payments.
- What
- The first interim payments, totaling 29.3 billion lira, have begun.
- When
- 30 October 2026.
- Where
- Payments are being made to investors’ accounts through İş Bankası and Ziraat Bankası.
- Why
- The payments are part of an extraordinary liquidation process established under a law for certain investment funds.
This story does not have two clearly opposing sides.
Law No. 7596 on certain investment funds subject to liquidation was dated.
The law was published in the Official Gazette and entered into force.
Interim payments totaling 29.3 billion lira began for investors in seven funds.
- Interim payments
- 29.3 billion lira
- Investors covered
- 235,705
- Funds in this payment round
- 7
- Per-investor interim payment cap
- 1 million lira
- Banks handling payments
- İş Bankası and Ziraat Bankası
- Earlier liquidation payments
- 68 billion lira to 71,899 accounts