# Emlak Katılım applies to acquire Katılımevim and Birevim > Live situation record from CLSTR: https://clstr.news/situations/emlak-katlm-savings-finance-expansion > Updated: 2026-09-28T11:05:23.000Z. Sources: 26. Developments: 5. Emlak Katılım Tasarruf Finansman has advanced its strategy to expand in the alternative financing market by officially submitting applications to regulatory authorities to acquire Katılımevim, Birevim, and İktisat Katılım Bankası. Following previous negotiations, the bank announced via the Public Disclosure Platform (KAP) that it has requested necessary permits and approvals from the Ministry of Treasury and Finance's General Directorate of Public Enterprises, the Capital Markets Board (SPK), and the Banking Regulation and Supervision Agency (BDDK). Katılımevim has assured customers that there will be no service interruptions during the transfer process, stating that the transition is intended to leverage Emlak Katılım’s institutional experience to strengthen its market position. The acquisition efforts continue alongside ongoing legal scrutiny. The Istanbul Chief Public Prosecutor's Office has been investigating capital market transactions, leading to the arrest of Pusula Portföy Chairman Muhammed Yarız, travel bans for 48 individuals, and resignations from Pusula Finans Holding. Minister of Treasury and Finance Mehmet Şimşek has emphasized that actions are being taken to “protect the rights of participants within the savings finance sector,” noting that because these participants are not professional investors, they require specific protections. Discussions regarding the potential establishment of a management structure similar to the Savings Deposit Insurance Fund (TMSF) remain ongoing. Following the arrest of Serdar Turhan, Chairman of Pusula Yatırım Holding—the majority shareholder of Katılımevim and Birevim—and the seizure of assets belonging to him and other executives, the BDDK is implementing sweeping new regulations effective October 1. Under these rules, individuals are restricted to a maximum of two active contracts (one for a vehicle and one for a residence or workplace), with specific financial caps applied to contract amounts and total risk groups. ## Claims - Emlak Katılım Tasarruf Finansman A.Ş. has begun negotiations to acquire Katılımevim Tasarruf Finansman A.Ş. and Birevim Tasarruf Finansman A.Ş. (corroborated by 8 sources) - Treasury and Finance Minister Mehmet Şimşek stated that necessary actions will be taken to protect the rights of participants in the savings finance sector. (corroborated by 3 sources) - The transfer and merger of savings finance companies are subject to approval by the Banking Regulation and Supervision Agency (BDDK). (corroborated by 2 sources) - Katılımevim clarified that Serdar Turhan and Ahmet Özcan resigned from the board of Pusula Finans Holding, not from Katılımevim's own board. (single source) ## Timeline ### 2026-09-28: Turkey implements new savings finance rules amid Katılımevim investigations Turkey's BDDK is introducing new limits on savings finance contracts following the arrest of a major holding chairman and investigations into Katılımevim’s $120 million asset sale. 3 sources. https://clstr.news/cluster/turkey-implements-new-savings-finance-rules-amid-katlmevim-investigations ### 2026-09-28: Emlak Katılım applies to acquire Katılımevim and Birevim Emlak Katılım has applied for regulatory approval to acquire Katılımevim, Birevim, and İktisat Katılım Bankası, stating that services will continue without interruption during the transition. 2 sources. https://clstr.news/cluster/emlak-katlm-applies-to-acquire-katlmevim-and-birevim ### 2026-09-19: Katılımevim and Birevim face acquisition talks and investigations Emlak Katılım is negotiating to acquire Katılımevim and Birevim amid capital market investigations and leadership resignations in Turkey. Minister Mehmet Şimşek pledged to protect participant rights. 4 sources. https://clstr.news/cluster/katlmevim-and-birevim-face-acquisition-talks-and-investigations ### 2026-09-17: Emlak Katılım begins acquisition talks for Katılımevim and Birevim Emlak Katılım has begun negotiations to acquire savings finance companies Katılımevim and Birevim as part of a growth strategy, with officials emphasizing consumer protection during the process. 15 sources. https://clstr.news/cluster/katlmevim-shares-plunge-amid-leadership-uncertainty-and-acquisition-talks ### 2026-09-11: Emlak Katılım Tasarruf Finansman completes first year of operations Emlak Katılım Tasarruf Finansman, Turkey’s first state-capitalized savings finance company, has marked its first year of operations, providing interest-free financing for homes and vehicles. 2 sources. https://clstr.news/cluster/emlak-katlm-tasarruf-finansman-completes-first-year-of-operations --- Cite as: Emlak Katılım applies to acquire Katılımevim and Birevim. CLSTR, https://clstr.news/situations/emlak-katlm-savings-finance-expansion