TMSF President Gülal said, “We still have close to $ 5 billion from the Uzans, but does it have the ability to collect it? Of course, we continue to work abroad, we see that we do not have a presence in the country. The collection capability of the other files we have is very weak now.”
Savings Deposit Insurance Fund (SDIF) Chairman Muhiddin Gülali, to draw the road map for the companies in the fund’s kayyumlug need to be finalized by the legal proceedings stating, “Kozan if gold if final legal processes may transfer to Turkey Wealth Funds, this is an option. Erciyes Anadolu Holding very serious They went to a structuring, they separated the brands. Public offering may be a method. We have brilliant companies, after the conditions are met, sales may come to the agenda. ” said.
Gülal held a conversation meeting with the press members regarding the activities of the SDIF for 2020 and its targets for 2021.
Expressing that the SDIF is actually a deposit insurance institution and after the insurance limit was increased to 150 thousand liras, it became one of the strongest deposit insurance institutions in Europe and the world, “Currently we have a reserve of 68 billion lira. What is important here is to meet our risk. The total amount of insured deposits is at the level of 862 billion TL. We have one of the highest ratios in the world. We will increase our reserves as much as we can in this process. We will reach a reserve size of 100 billion lira in a few years. We need a little more time. This requires a law change. ” he spoke.
Pointing out that the absence of a banking crisis in the country for 18 years has enabled them to increase their reserves, Gülal said that they faced the payment obligation only because of Bank Asya and that they paid 967 million lira under the insurance limit of Bank Asya to depositors.
Giving the information that the processes regarding the collection of public receivables from the dominant partners of the 26 banks transferred to the SDIF have come to an end, Gülal said, “Our total collection has reached the level of 23.3 billion Turkish lira. From now on, we anticipate that we can collect another 350 million dollars with an optimistic estimate.” used the expressions.
“WE STILL GET 5 BILLION DOLLARS FROM THE UZAN”
Drawing attention to the fact that they are carrying out a construction project called “Ataşehir Modern” in Ataşehir within the scope of the studies for the Balkaner Group, Gülal made the following assessment:
“We will go on sale by launching. It is a project with 1113 residences and 3 blocks. There are 70 commercial areas, there are flats of different sizes from 1 plus 1 to 5 plus 1. We have a prediction that we can collect 1 billion lira public receivables from there. We will have closed the famous Balkaner File. “
Evaluating the process regarding the Uzan Group, Gülal said, “We still have close to $ 5 billion in receivables from Uzan, but is it capable of collecting it? Of course, we continue to work abroad, we see that we do not have a presence in the country. weak.” said.
“OUR COMPANY HAS NOT BEEN LOST OF ALTITUDE”
TMSF President Gülal reminded that after the July 15 coup attempt, it was decided to manage some assets belonging to individuals who were determined to belong to the Fetullah Terrorist Organization (FETÖ) and to manage them in the TMSF trustee, and stated that there were 797 companies within this scope. Noting that these companies actively grow at the level of 64 percent and the equity growth has reached the level of 60 percent, Gülal said, “We did not have any company that lost altitude during the SDIF trustee period.” he spoke.
Expressing that these companies started to contribute to social responsibility projects with their resources, Gülal said, “Yesterday, we started to use the budgetary possibilities used in the financing of terrorism for the needs of our state, our nation and our children. Yesterday, we have become a vehicle for our safety with the structure that bombed the Special Operations building.” found the assessment.
Stating that the legal process regarding the companies for which they are trustees is continuing and that there is no finalized case so far, Gülal said that growing and profitable companies do not have a chance to be sold with the existing legal infrastructure.
Emphasizing that the legal processes need to be finalized in order to draw the road map for the companies, Gülal gave the following information about the sales process of the companies:
“Especially there are companies that we took over in an emptied way. We made the companies at loss such as Naksan Group and Aynes operational. We had a sales process in Naksan and Royal Halı, but when we were not lucky,” We will repeat the tender in the future. ” We have 8-10 big groups at our disposal. These groups correspond to 80 percent of the total assets. Our concentration is above them. Erciyes Anadolu Holding, at the Supreme Court stage, a confiscation decision has been issued. The Koza is also at the stage of appeal. that ‘Koza gold, gold producing, if finalized legal processes may transfer it to Turkey Wealth Funds, this is an option. they went to a very serious restructuring at Erciyes Anadolu Holding, have separate brands. IPO may be a method. Pırıl we have sparkling company, conditions after the consist In any case, the legal processes need to be finalized so that we can make these projections healthier. The sale of Aynes Gıda, Alfemo Furniture, Aker Textile, Mark Antalya Shopping Mall and Central Hospital is being considered in 2021. “
Evaluating the financial situation of these companies, Gülal said, “Especially our companies operating in the manufacturing and production sector had a very good 2020 despite the pandemic. By the end of the year, their growth in 2020 is more than the growth of the previous year. Even the Aydınlı Group closed the year with profit for 3 months. Despite this process, I can easily say that we have closed 2020 well above our estimates.I believe that 2021 will be much better if we complete the work on the vaccination process and start the partial normalization process like the end of March.We need to focus on the completion of legal processes in 2021. said.
“SALE OF KOZA GOLD IS ALSO AVAILABLE IF DEMANDED”
Kozan on the question of the transfer of gold in Turkey Wealth Funds Gülali, “There is that possibility. Ultimately Assets Fund, Turkish Mining Inc. He established a company. When we look at the company in the hands of Wealth Funds there furniture You can not but Koza Gold produces and strategic as a company. Koza Gold was producing one third of the gold produced in the country. I say it as a projection, we can transfer it to the Wealth Fund when the legal process is finalized. This is a possibility, but it may be possible to sell it if someone says ‘Talibiz’, local or foreign. For all these transactions to take place, the legal processes must be completed and already we do not have a completed file. ” he spoke.
Gülal pointed out that Erciyes Anadolu Holding, the market leader with its brands, is the most prepared group for sale and said, “Can we offer it to the public, yes we can. We separated the factory of each brand, we can sell brand brands. All of these are on the agenda.” used the expressions.
Emphasizing that the work on property reform has nothing to do with the companies managing the TMSF trustee, Gülal continued as follows:
“It is not possible to return these companies with legal reforms. Let me state this very clearly. Right now, the property rights are still in their former owners as the legal processes are not finalized. The possibility of a return from this is not very possible at the point of combating terrorism.”
“THEY WILL TRANSFER TO THE TREASURY”
Pointing out that the confiscation decision was made in all large groups in the legal process, Gülal said, “This decision was made in Erciyes Anadolu Holding, Koza, Aydınlı. As soon as the confiscation decision is approved, this ownership problem will be eliminated. These shares will be transferred to the Treasury and the ownership belongs to the former owners. It will not be in our state. Then we will sit down and talk with our Treasury. Since there is no asset transferred to the Treasury at the moment, we will settle this until the end. Maybe we will do these things on behalf of the Treasury now. ” found the assessment.
Stating that the issue of Fi Yapı, one of the construction companies managed by the TMSF trustee, is “unsolved”, Gülal said that there is no money in the company’s safe.
Gülal said: “Neither the state nor the SDIF puts a penny that it cannot take back. Fi Yapı has one island in Dikili. We are planning to sell it, let’s make a tender. Periodically, the conditions are not suitable, we have to wait a little longer. At least we think that we can eliminate some of the grievances. A valuation of 50 million euros was made for the island. This is not enough to complete the construction, much more cash is needed. “
Source: bigpara- GÜNDEM by bigpara.hurriyet.com.tr.
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