Pamukbank
Type | Bank |
---|---|
Industry | Banking |
Founded | 22 April 1955 |
Defunct | 17 November 2004 |
Headquarters | Istanbul, Turkey |
Products | Financial services |
Pamukbank T.A.Ş. is a defunct Turkish bank. Founded in 1955 as a privately owned deposit bank,[1] it was taken over by the government's TMSF in 2002 because of a $2.5bn capital shortfall,[2] and merged into Halk Bankası in November 2004.[1] At the time Pamukbank had 172 branches and 4000 employees.[2]
Pamukbank was formerly owned by Çukurova Holding, and in 2013 Çukurova chairman Mehmet Emin Karamehmet was sentenced to seven years in prison for misuse of loans from Pamukbank.[3]
CEOs[]
- Hüsnü Özyeğin (1977–1984)
- Bülent Şenver (June 1987 – July 1993)
References[]
- ^ a b Turkish Banks Association, Historical Data about Closed Banks - tbb.org.tr Archived 2014-12-05 at the Wayback Machine
- ^ a b Hurriyet Daily News, 26 March 2004, Banking watchdog merges Pamukbank with Halkbank
- ^ Hurriyet Daily News, 10 May 2013, Businessman Karamehmet sentenced to seven years in prison for embezzlement
Categories:
- Banks established in 1955
- Banks of Turkey
- Companies based in Istanbul
- Defunct banks of Turkey
- 2004 disestablishments in Turkey
- Turkish companies established in 1955
- Asian bank stubs
- European bank stubs
- Turkish company stubs