Türk Ticaret Bankası A.Ş (TTB, en, Turkish Trade Bank), also known as Türkbank, was founded in 1913 in

Adapazarı Adapazarı () is a city in northwestern Turkey and the central district of Sakarya Province. The province itself was originally named Adapazarı as well. Adapazarı is a part of the densely populated region of the country known as the Marmara Regi ...

by private investors as a

regional bank A regional bank is a depository institution, i.e. a bank, savings and loan, or credit union, which is larger than a community bank, which operates below the state level, but smaller than a national bank, which operates either nationally or intern ...

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 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, ...

in 1952. Türkbank was taken over by the Turkish Treasury in 1994 after the bank was weakened by the Turkish financial crisis of the time. After a privatization scandal in the late 1990s, which caused the collapse of the

government A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...

Mesut Yılmaz Ahmet Mesut Yılmaz () (6 November 1947 – 30 October 2020) was a Turkish politician. He was the leader of the Motherland Party ( tr, Anavatan Partisi, ANAP) from 1991 to 2002, and served three times as Prime Minister of Turkey. His first two p ...

, resulted in the planned privatization to fail, the bank went into liquidation on 9 August 2002.

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Transcripts
of leaked conversations between Turkbank bid winner

Korkmaz Yiğit Korkmaz Yiğit (born 1943, in Erzincan) is a Turkish businessman. He made his fortune in construction, and expanded into finance and media, but fell rapidly from grace in 1998 when apparent connections with mob figure Alaattin Çakıcı were reve ...

and mafia boss

Alaattin Çakıcı Aladdin ( ar, علاء الدين, commonly ) (various spellings and transliterations) is a male given name which means "nobility of faith" or "nobility of creed/religion". It is one of a large class of names ending with ad-Din. The name may refer ...

Banks established in 1913 Banks of Turkey 1913 establishments in the Ottoman Empire Companies based in Istanbul Defunct banks of Turkey 2002 disestablishments in Turkey Banks disestablished in 2002 {{Turkey-company-stub

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