Turkish Fund Investigation Hits Norway Wealth Fund — $208 Million at Risk

17:04 - 30.09.2026


September 30, Fineko/abc.az. According to Bloomberg, a deepening market manipulation probe in Turkey has impacted Norges Bank Investment Management (NBIM). Holdings in 10 Turkish companies tied to the ongoing investigation accounted for nearly 10% of NBIM's 20.4 billion kroner Turkish portfolio, valued at 208 million dollars.

Shares of involved companies—including Astor Enerji (2% stake), Tera Yatırım, Destek Finans Faktoring, and Odine Solutions—have plunged amid defaults and regulatory suspensions. Managing $2.3 trillion in assets, an NBIM spokesperson declined to comment on interim portfolio adjustments, noting holdings are disclosed bi-annually.