Türk Ticaret Bankası
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Türk Ticaret Bankası A.Ş (TTB, ), also known as Türkbank, was founded in 1913 in
Adapazarı Adapazarı () is a municipality and the capital Districts of Turkey, district of Sakarya Province, Turkey. Its area is 324 km2, and its population 281,489 (2022). It covers the central and northern part of the agglomeration of Adapazarı and t ...
by private investors as a
regional bank A regional bank is a depository institution, such as a bank, savings and loan, or credit union, which is larger than a community bank and operates below the state level, but not so large that it would operate either nationally or internationall ...
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 is the List of largest cities and towns in Turkey, largest city in Turkey, constituting the country's economic, cultural, and historical heart. With Demographics of Istanbul, a population over , it is home to 18% of the Demographics ...
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 (polity), state. In the case of its broad associative definition, government normally consists of legislature, executive (government), execu ...
of
Mesut Yılmaz Ahmet Mesut Yılmaz () (6 November 1947 – 30 October 2020) was a Turkish politician. He was the leader of the Motherland Party (, ANAP) from 1991 to 2002, and served three times as Prime Minister of Turkey. His first two prime-ministerial term ...
, resulted in the planned privatization to fail, the bank went into liquidation on 9 August 2002.


See also

Türkbank scandal


References


External links


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 revea ...
and mafia boss
Alaattin Çakıcı Aladdin (, 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 to: Given name *Ala al ...
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