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Adabank
Adabank A.Ş. was founded in 1984 and was seizured from the Uzan Grubu as from the İmarbank Scandal. 99.9% of the company was transferred to the TMSF, the Turkish Savings Deposit Insurance Fund. Adabank A.Ş. was sold in 2006 to the Kuwaiti, The International Investor Company. The BDDK, the Turkish Banking Regulation and Supervision Agency cancelled the deal, as it found the acquiring party not being able to rais the necessary capital. In 2008, another bid was made, and Kök Menkul ve Gayrımenkul Yatırım Ticaret A.Ş., part of the Sinpaş Grubu successfully bid for the Bank. As of now, no other declarations and news have been received regarding future operations. On 26 November 2010. Turkey's Savings Deposit Insurance Fund, or SDIF, has turned down BankPozitif offer to buy Adabank at an auction. Savings Deposit Insurance Fund expected $90 million as sale price and BankPozitif offer of $46 million was rejected as too low. Bank Pozitif, majority-owned by Israel's Bank Hapoalim, ...
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List Of Banks In Turkey
As of September 2006, the size of the banking industry is 88.2% of total financial sector in Turkey. There are 51 banks as of April 2022: 3 public deposit, 8 private deposit, 21 foreign deposit, 3 public investment, 9 private investment, 4 foreign investment, 4 participation banks and 3 banks under the supervision of the TMSF. Notice also that total bank assets, as of September 2006, are 473.7 billion Turkish lira. This makes up 86.3% of the gross national product. Below is a list of banking institutions operating in Turkey, provided by the Turkish Banking Regulation and Supervision Agency and the Banks Association of Turkey List of banks in Turkey by total assets Deposit banks State-owned deposit banks * Türkiye Cumhuriyeti Ziraat Bankası A.Ş* Halk Bankası, Türkiye Halk Bankası A.Ş* VakıfBank, Türkiye Vakıflar Bankası T.A.O. (not actually owned by the state; see the article for further information Privately owned deposit banks * Adabank A.Ş* Akbank T.A.Ş* An ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Banking Regulation And Supervision Agency
The Banking Regulation and Supervision Agency, BRSA ( tr, Bankacılık Düzenleme ve Denetleme Kurumu, BDDK) is an independent agency in Turkey whose task is to regulate and supervise the banking system in the country. It aims to "provid reliability and stability in financial markets", "ensur the efficient running of the credit system", and protect consumer rights."About Agency"
BRSA. Archived on 28 September 2019 at the
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Companies Listed On The Istanbul Stock Exchange
See also * List of Turkish exchange-traded funds References BIST companies {{Istanbul Stock Exchange companies Istanbul Stock Exchange Istanbul Istanbul ( , ; tr, İstanbul ), formerly known as Constantinople ( grc-gre, Κωνσταντινούπολις; la, Constantinopolis), is the List of largest cities and towns in Turkey, largest city in Turkey, serving as the country's economic, ...
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Banks Of Turkey
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Banks Established In 1984
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a Bank regulation, high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concept ...
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List Of Banks
Lists of banks are contained in the following articles: By continent * List of banks in Africa – Each country in Africa has a list of banks operating in that country * List of banks in Asia – Asia has a list of banks operating in that country * List of banks in the Americas – Each country in the Americas has a list of banks with operations in that country * List of banks in Europe – Each country in Europe has a list of banks operating in that country * List of banks in Oceania – Each country in Oceania has a list of banks operating in that country By super continent or intercontinental region * List of banks in the Arab world – Each Arab country has a list of banks operating in that country * List of largest banks in Southeast Asia – Each country in Southeast Asia has a list of banks with operations in that country Other lists * List of international banking institutions – List of international and multilateral financial institutions * List of systemically ...
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Bank Hapoalim
Bank Hapoalim ( he, בנק הפועלים lit. ''The Workers' Bank'') is one of Israel's largest banks. History The bank was established in 1921 by the ''Histadrut'', the Israeli trade union congress (lit. "General Federation of Laborers in the Land of Israel") and the Zionist Organisation. The bank was owned by the ''Histadrut'' until 1983, when it was nationalized following the Bank Stock Crisis. The bank was held by the Israeli government until 1996 when it was sold to a group of investors led by Ted Arison. The bank has a significant presence in global financial markets. In Israel, it has over 600 ATMs (automated teller machines), 250 bank branches, 7 regional business centers, 22 business branches and industry desks for major corporate customers. The bank's stock is traded on the Tel Aviv Stock Exchange. At the end of 2015, the bank had 11,930 employees worldwide. It is controlled by Arison Holdings, owned by Shari Arison. Arison Holdings owns a total of 15.74 per ...
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Kuwait
Kuwait (; ar, الكويت ', or ), officially the State of Kuwait ( ar, دولة الكويت '), is a country in Western Asia. It is situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, bordering Iraq to the north and Saudi Arabia to the south. Kuwait also shares maritime borders with Iran. Kuwait has a coastal length of approximately . Most of the country's population reside in the urban agglomeration of the capital city Kuwait City. , Kuwait has a population of 4.45 million people of which 1.45 million are Kuwaiti citizens while the remaining 3.00 million are foreign nationals from over 100 countries. Historically, most of present-day Kuwait was part of ancient Mesopotamia. Pre-oil Kuwait was a strategic trade port between Mesopotamia, Persia and India. Oil reserves were discovered in commercial quantities in 1938. In 1946, crude oil was exported for the first time. From 1946 to 1982, the country underwent large-scale modernization, largely b ...
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Istanbul Stock Exchange
The Borsa İstanbul (abbreviated as BIST) is the sole exchange entity of Turkey combining the former Istanbul Stock Exchange (ISE) ( tr, İstanbul Menkul Kıymetler Borsası, IMKB), the Istanbul Gold Exchange ( tr, İstanbul Altın Borsası, İAB) and the Derivatives Exchange of Turkey ( tr, Vadeli İşlem Opsiyon Borsası, VOB) under one umbrella. It was established as an incorporated company with a founding capital of 423,234,000 (approx. US$240 million) on April 3, 2013, and began to operate on April 5, 2013. Its slogan is ''worth investing''. Shareholders of Borsa İstanbul are: 49% Government of Turkey, 41% IMKB, 5% VOB, 4% IMKB members, 1% IMKB brokers and 0.3% IAB members. It is planned that all the Government-owned shares will be offered for sale. Among the executives of the nine-member board of directors, which is presided by chairman Himmet Karadağ, are former deputy chairman of ISE Osman Akyüz, former head of VOB Işınsu Kestelli, Merrill Lynch Investment Bank G ...
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TMSF
The Savings Deposit Insurance Fund of Turkey ( tr, Tasarruf Mevduatı Sigorta Fonu), a.k.a. TMSF in abbreviated form, is the governing body concerned with matters of fund management and insurance in the Turkish banking system. The body was founded in 1933 with the name Deposit Protection Act ( tr, Mevduatı Koruma Kanunu). In 1960, the name was changed to Bankalar Tasfiye Fonu ( tr, Bankalar Tasfiye Fonu). The current name was adopted in 1983. TMSF is also involved in the media industry, and owns at least one asset each for every newspaper, pay television, television and radio station. In 2013, TMSF acquired some assets from Çukurova Media Group after the company was forced to sell due to tax debts. The institution was initially overseen by the Central Bank of Turkey The Central Bank of the Republic of Turkey, CBRT ( tr, Türkiye Cumhuriyet Merkez Bankası, TCMB, literally "The Turkish Republic Central Bank") is the central bank of Turkey. Its responsibilities include condu ...
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Commercial Banking
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ba ...
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