Defunct 17 November 2004 Founded 22 April 1955 Ceased operations November 17, 2004 | Industry Banking Products Financial Services | |
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Pamukbank dialog
Pamukbank T.A.Ş. is a defunct Turkish bank. Founded in 1955 as a privately owned deposit bank, it was taken over by the government's TMSF in 2002 because of a $2.5bn capital shortfall, and merged into Halk Bankası in November 2004. At the time Pamukbank had 172 branches and 4000 employees.
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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.
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Pamukbank Wikipedia(Text) CC BY-SA