Türk_Ticaret_Bankası

Türk Ticaret Bankası

Türk Ticaret Bankası

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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]

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


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