Oyak Bank

Oyak Bank was a financial subsidiary of OYAK Holding (Turkish Army Members Solidarity Fund) and acted in financial area until it is acquired by ING Bank in 2007 and rebranded as ING Bank.

History

US based First National Bank of Boston opened a branch in Istanbul, Turkey in 1984. The bank has operated independently since 1990 with three companies owning majority stakes: Alarko, Cerrahoğlu and Oyak.

The bank's name changed to Turkish Boston Bank A.Ş. again in 1991 and then OYAK purchased the other shares so became the only share holder of the bank. Finally the bank was again renamed to Oyak Bank 1994.

In 2002 Sümerbank merged into Oyak Bank, and today Oyak Bank acts with over 300 branches all around Turkey. The bank has a participation in Ireland and another one in Germany.

External links

BIST 100 companies of Turkey

Banks of Turkey

Central Bank

Commerical

Public	Halk Bankası VakıfBank Ziraat Bankası Adabank ¹ Birleşik Fon Bankası ¹

Private	Akbank Anadolubank Türkiye İş Bankası Fibabanka Şekerbank Turkish Bank Türk Ekonomi Bankası Yapı Kredi Bankası

Foreign	A&T Bank Alternatif Bank Burgan Bank Citibank Denizbank Deutsche Bank Finansbank Garanti Bank HSBC ING Group Rabobank Tekstilbank The Bank of Tokyo-Mitsubishi UFJ

Investment

Public	İlbank

Participation

Public	Bank Asya ¹

Private	Albaraka Türk

¹ Under TMSF · italic: Global branch page

This article is issued from Wikipedia - version of the Thursday, August 21, 2014. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.