Business · Companies · 10 hrs ago
Turkey targets completion of 40.5 billion lira fund payouts by weekend
A fund coordination board chaired by Deputy President Cevdet Yılmaz reviewed the wind-down of investment funds in Turkey.
The process covers 66 funds and 45,745 investors, with a total of 40.5 billion lira in assets and cash to be distributed.
Last week, Ziraat Bank paid 6.4 billion lira to 43,643 investors in funds managed by A1, Bulls and Pardus.
Another 34.1 billion lira across 49 funds is targeted for completion by the weekend.
The funds are being wound down after Turkey’s Capital Markets Board decided they should be liquidated.
A bill to make the process fair, transparent and legally secure was submitted to parliament on October 9 and is expected to be discussed by a parliamentary commission on October 14.
Interim payments for 65 other funds are targeted after the bill becomes law.
Turkey aims to complete 40.5 billion lira in cash and in-kind liquidation payments to 45,745 investors by the end of the week.
Last week, Ziraat Bank paid 6.4 billion lira to 43,643 investors in funds managed by A1, Bulls and Pardus.
The remaining liquidation process for 49 funds managed by the three companies, worth 34.1 billion lira, is targeted for completion by the weekend.
A bill intended to provide legal safeguards for the liquidation process was submitted to parliament on 9 October 2026.
The bill is expected to be discussed by parliament’s Planning and Budget Commission on 14 October.
- Who
- Investors in funds managed by A1, Bulls and Pardus.
- What
- Authorities aim to complete 40.5 billion lira in cash and in-kind liquidation payments to 45,745 investors.
- When
- By the end of the week; the bill is expected to be discussed on 14 October 2026.
- Where
- Turkey.
- Why
- To complete liquidation of the funds and protect investors’ rights through a process with legal safeguards.
This story does not have two clearly opposing sides.
A bill on liquidation procedures for some investment funds was submitted to the Turkish parliament.
Ziraat Bank paid 6.4 billion lira to 43,643 investors in funds managed by A1, Bulls and Pardus.
The fifth Fund Board meeting was held under the chairmanship of Vice President Cevdet Yılmaz.
The bill is expected to be discussed by parliament’s Planning and Budget Commission.
Authorities aim to complete the liquidation process for the remaining 49 funds, worth 34.1 billion lira.
- Total targeted liquidation
- 40.5 billion lira
- Investors covered
- 45,745
- Already paid
- 6.4 billion lira to 43,643 investors
- Remaining funds
- 49 funds, with liquidation totaling 34.1 billion lira
- Portfolio management companies
- A1, Bulls and Pardus
- Bill submitted
- 9 October 2026
3 sources
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What people are saying
The liquidation process in some investment funds decided by the Capital Markets Board should be conducted fairly, transparently and effectively, and payments should be provided with legal safeguards.
Last week, Ziraat Bank paid a total of 6.4 billion lira to 43,643 investors in funds managed by A1, Bulls and Pardus.
The liquidation process for the remaining 49 funds of these three portfolio management companies, totaling 34.1 billion lira, is targeted for completion by the end of this week.