Ordu Yardımlaşma Kurumu in the context of ING Bank


Ordu Yardımlaşma Kurumu in the context of ING Bank

⭐ Core Definition: Ordu Yardımlaşma Kurumu

Ordu Yardımlaşma Kurumu (OYAK) (English: Military Solidarity Institution), is a Turkish charity and military pension fund with around 470,000 members. The OYAK Holding Investment Subsidiary Group is one of the largest industrial groups in Turkey.

The group was the former owner of ING Oyak Bank, sold to ING Bank in 2007, and the Oypa supermarket chain. In 2012, it was rated BB+/stable by Standard & Poor's. The group co-owns car manufacturer Oyak-Renault and steel producer Erdemir. OYAK Group of Companies added Sagra to its structure in April 2021. OYAK is on the global coal exit list published by Urgewald because it owns İsken Sugözü power station.

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Ordu Yardımlaşma Kurumu in the context of Oyak-Renault

OYAK Renault Otomobil Fabrikaları A.Ş. or OYAK-Renault is a Turkish automotive manufacturer located in Bursa. It is co-owned by OYAK (Turkish: Ordu Yardımlaşma Kurumu, English: Army Solidarity Institution, a pension fund) and Renault. OYAK owns 49% and Renault owns 51% of the company.

View the full Wikipedia page for Oyak-Renault
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