Business · Companies · 1 day ago
Turkey raises Iller Bank’s capital to 250 billion lira
Turkey has raised Iller Bank’s stated capital from 120 billion to 250 billion lira by presidential decision.
The bank works with municipalities and provincial administrations across Turkey.
It helps finance local projects, including drinking water, sewage and other urban infrastructure, and provides technical support.
The increase creates a larger capital base, but it does not mean 250 billion lira has been deposited in cash or will be lent to municipalities.
The decision does not specify new loans, grants or how much money any municipality will receive.
The bank’s capital can be built from several sources, including deductions from local governments’ shares of national tax revenue and part of its annual profit.
How much additional financing becomes available will depend on the bank’s resources and future lending decisions.
İller Bankası’s capital was raised from 120 billion Turkish lira to 250 billion lira by a presidential decision published in Turkey’s Official Gazette.
The increase is 130 billion lira compared with the previous capital figure, set in November 2024.
The decision cites Article 4 of Law No. 6107, which governs the bank’s capital and sources that may be added to it.
The higher nominal capital does not mean 250 billion lira has been transferred to the bank as cash or will be lent to municipalities.
The decision did not specify additional lending, cash transfers or investment allocations for particular municipalities.
İller Bankası finances local government projects, including water supply, sewerage, wastewater treatment and other infrastructure, and also provides technical support.
- Who
- İller Bankası Anonim Şirketi (İLBANK)
- What
- Its capital was raised from 120 billion to 250 billion Turkish lira.
- When
- The decision was published on 10 October 2026.
- Where
- Turkey; the decision was published in the Official Gazette.
- Why
- The decision raises the bank’s nominal capital; its effect on financing available to municipalities was not specified.
This story does not have two clearly opposing sides.
İller Bankası Anonim Şirketinin sermayesinin 250 milyar Türk lirasına çıkarılmasına, 6107 sayılı İller Bankası Anonim Şirketi Hakkında Kanunun 4'üncü maddesi gereğince karar verilmiştir.
This story does not have a timeline yet.
- New nominal capital
- 250 billion Turkish lira
- Previous capital
- 120 billion Turkish lira, set in November 2024
- Increase
- 130 billion Turkish lira
- Decision
- Presidential Decision No. 11856, published in the Official Gazette dated 10 October 2026, issue No. 33396
- Legal basis
- Article 4 of Law No. 6107
Sources
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