Türk Ticaret Bankası A.Ş (TTB, English: Turkish Trade Bank), also known as Türkbank, was founded in 1913 in Adapazarı by private investors as a regional bank under the name of Adapazarı İslam Ticaret Bankası. It was renamed Türk Ticaret Bankası A.Ş in 1937, and relocated its head office to Istanbul in 1952.[1][2]
| Company type | Bank |
|---|---|
| Industry | Banking |
| Founded | 1913 |
| Defunct | 9 August 2002 |
| Headquarters | Istanbul, Turkey |
| Products | Financial services |
| Parent | TMSF |
| Website | www.turkticaretbankasi.com.tr |
Türkbank was taken over by the Turkish Treasury in 1994 after the bank was weakened by the Turkish financial crisis of the time.[3] After a privatization scandal in the late 1990s, which caused the collapse of the government of Mesut Yılmaz, resulted in the planned privatization to fail, the bank went into liquidation on 9 August 2002.[1][2]
See also edit
References edit
- ^ a b "Historical Data about Closed Banks". TBB.
- ^ a b ""Resmen" hortumlanan banka". Aksiyon (in Turkish). 2001-12-22. Archived from the original on 2014-12-05. Retrieved 2014-11-30.
- ^ "Korkmaz Yigit bids highest for Turkbank stake". Hurriyet Daily News. 5 August 1998.
External links edit
- Transcripts of leaked conversations between Turkbank bid winner Korkmaz Yiğit and mafia boss Alaattin Çakıcı
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