Good news! Approval for Turkey Emlak Katılım!

The return of the legendary "Turkish Real Estate Bank" (Türkiye Emlak Katılım Bankası) is the main news of recent days.

The Minister of Environment and Urban Development, Murat Kurum, stated: "We are launching an important bank again, which will support our industrialists, tourists, and the construction sector, called the Real Estate Bank."

The Banking Regulation and Supervision Agency (BDDK) has approved the Turkish Real Estate Bank's right to operate following an analysis. After the BDDK's approval, the operating license for the Real Estate Bank was published in the "Resmi Gazete".

The Minister of Environment and Urbanization, Murat Kurum, who is inspecting in Sivas, expressed hope that this will be beneficial for Turkey and all sectors of the economy: "Today is an important day for our Turkey. Our Housing Bank has resumed its operations and is officially recognized in the 'Resmi Gazete'."

As Minister Kurum explained: "The Real Estate Bank will continue its work as a participation institution. We are reviving a very important bank that was established during the Republic and will support our industrialists, tourists, and the construction sector in accordance with the directives of our president given during the AKP administration. Our bank will participate in the sector, support urban reconstruction, bolster the construction industry, and promote the production of import-substituting products. Our bank is currently operating successfully. I wish success to Turkey and all our sectors."

The restored Real Estate Bank has resumed its operations after 18 years.

The real estate bank, while in a state of activity, has gained fame for its housing projects across Turkey and has also become an expert in foreign trade and shipping.

The Turkish Real Estate Bank has become the sixth participation bank after the approval of the BDR and has resumed operations. The bank will serve clients under the name "Joint Stock Company Turkish Real Estate Bank," and its main executive will be Deniz Aksu. Currently, there are five participation banks operating in Turkey: Kuveyt Türk, Albaraka Türk, Vakıf Katılım, Ziraat Katılım, and Türkiye Finans, and with the revival of the Real Estate Bank, this number will increase to six.

The Chairman of the Board of Konutder, Z. Altan Elmas, noted: "The Real Estate Bank has taken an important step towards financing the sector. We greatly appreciate the restoration of the Real Estate Bank's operations and thank our government for this significant move."

The Chairman of the Board of DAP Holding, Ziya Yılmaz, stated: "It is important for the newly established bank to have sufficient capabilities to provide financing both in cash and cashless forms for real estate, as well as to play a market role. This will allow existing brands in this field to stand out."

The Chairman of the NEF Board, Erden Timur, said: "The Real Estate Bank will create new methods for financing projects aimed at strengthening earthquake-prone buildings and reconstructing areas at the island and district levels, allowing local governments to secure funding."