History
2024: Purchase of the bank by the state fund from Abu Dhabi
In mid-October 2024, the state Abu Dhabi ADQ fund announced the purchase of Odeabank. The perimeter of the transaction included 96% of the shares of the Turkish bank.
As noted Bloomberg on October 15, 2024, Odeabank is the average bank in size Turkey with assets of 87.3 billion lira (about $2.55 billion). Bank Group, which Audi founded this credit institution in 2012, was its largest shareholder with a share of 76.4%. Who after the deal with ADQ will own the remaining 4% of Odeabank shares is not specified. Financial the terms of the agreement were also not disclosed.
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