Türk Ticaret Bankası

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]

Türk Ticaret Bankası
Bank
IndustryBanking
Founded1913
Defunct9 August 2002
HeadquartersIstanbul, Turkey
ProductsFinancial Services
ParentTMSF
Websitewww.turkbank.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

Türkbank scandal

References
  1. "Historical Data about Closed Banks". TBB.
  2. ""Resmen" hortumlanan banka". Aksiyon (in Turkish). 2001-12-22. Archived from the original on 2014-12-05. Retrieved 2014-11-30.
  3. "Korkmaz Yigit bids highest for Turkbank stake". Hurriyet Daily News. 5 August 1998.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.