ISTANBUL, March 22 (Reuters) - Turkish state lenders Halkbank and Vakifbank said on Tuesday that they will issue shares to raise their capital by 30 billion lira ($1.58 billion) and 32 billion lira ($1.68 billion), respectively.

The shares issued for the capital increase will be sold to the Turkey Wealth Fund by way of private placement, without a public offering, the banks said in a statement to the Istanbul stock exchange. ($1 = 19.0306 liras) (Reporting by Ceyda Caglayan; Editing by Christian Schmollinger)