Türk Ticaret Bankası

Türk Ticaret Bankası
Bank
Industry Banking
Founded 1913
Defunct 9 August 2002
Headquarters Istanbul, Turkey
Products Financial Services
Parent TMSF
Website www.turkbank.com.tr

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]

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

External links


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