Türk Ticaret Bankası A.Ş (TTB, ), 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.<<
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 of Mesut Yılmaz, resulted in the planned privatization to fail, the bank went into liquidation on 9 August 2002.<<
See also
Türkbank scandal
External links
- Transcripts of leaked conversations between Turkbank bid winner Korkmaz Yiğit and mafia boss Alaattin Çakıcı