
Osman Çelik, who retired from his position as Deputy Minister of Treasury and Finance, also left his duties as chairman and member of the board of directors at Türk Eximbank.
AI-generated summary
Osman Çelik retired from his position as Deputy Minister of Treasury and Finance on October 19, 2026. His resignation is associated with the fund investigation process in which his son-in-law İskender Balcı was arrested.
Türk Eximbank officially announced the resignation of Osman Çelik, Chairman of the Board and Member of the Board of Directors, in a statement made to the Public Disclosure Platform (KAP).
Çelik, who resigned from his post as Deputy Minister of Treasury and Finance last month, ended his managerial tenure at the bank with this notification. In the official notification made to KAP, it was stated that Çelik resigned from his duties as Board Member and Chairman of the Board of Directors at his own request.
Osman Çelik, who was appointed as Deputy Minister of Treasury and Finance on June 21, 2023, submitted his retirement petition to the Minister of Treasury and Finance Mehmet Şimşek on October 19, 2026. Çelik's resignation from Eximbank, which ended his active bureaucratic life in the public sector, was considered as an expected procedure after the retirement decision in question.
It is known that the investigation process, publicly known as "fund scandal" or "fund profiteering", is behind Osman Çelik's successive separation decisions. As part of the investigation, a detention warrant was issued for Çelik's son-in-law, İskender Balcı. Balcı, who was found to be in Montenegro, returned to Türkiye on September 28, 2026, and was arrested and sent to prison by the court on October 2, 2026. Çelik, who attracted attention after his son-in-law's arrest, requested his retirement from his position at the ministry on October 19, following increasing public pressure.
Osman Çelik, born in Erzincan in 1964, graduated from METU Department of Economics. Çelik, who held senior positions in the banking and finance sector throughout his career, served as General Manager at Türkiye Finans and Vakıf Katılım banks. Çelik, who was appointed as the Undersecretary of Treasury in 2016, previously served as the Chairman of the Board of Directors of Türk Eximbank between 2017 and 2021.

CBRT's total reserves decreased by 4.1 billion dollars in the week ending October 30, 2026, falling to 158.1 billion dollars. While the total loss since the peak of the year reached 60.1 billion dollars, the markets are waiting for the official data on November 5.

SpaceX is in talks with EchoStar to buy Boost Mobile or use its infrastructure after major carriers deny it network access. The move is considered as an effort by the company to expand its cellular network ambitions and overcome terrestrial frequency restrictions.

Ryanair announced that it will increase ticket prices and implement a savings package due to rising fuel costs due to the Iran war. The company's second-quarter profit fell 6% to 1.61 billion euros.

Minister of Commerce Ömer Bolat met with Bahrain Minister of Industry and Trade Fakhro within the scope of the 42nd COMCEC Ministerial Meeting. During the meeting, increasing the bilateral trade volume to 1 billion dollars and Free Trade Agreement processes were discussed.

The People's Bank of China (PBoC) is launching a new clearing instrument with a volume of 100 billion yuan as of tomorrow, in order to increase liquidity in the stock markets.

In the Eurozone, the manufacturing industry PMI fell to 52.7 in October, reaching its lowest level in the last two months. While the production index decreased to 52.8, growth in new orders slowed down.