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Birleşik Fon Bankası A.Ş. (literally translated as Joint Funds Bank Inc. in English), was initially founded as Çaybank A.Ş. in 1958. In 1992, the name of the bank was changed to Derbank and after being acquired by the Bayındır Grubu in 1997, the name was changed to Bayındırbank.
 | |
| Company type | Public (ISE: ) |
|---|---|
| Industry | Finance and Insurance |
| Predecessor | Bayındırbank A.Ş. |
| Founded | Istanbul, Turkey 1958 |
| Headquarters | Esentepe, Istanbul, Turkey |
Number of locations | 1 Branch (2010) in Turkey |
Area served | Turkey |
| Products | Banking |
| Parent | TMSF |
| Website | www.fonbank.com.tr |
With the decision made by the Turkish Banking Regulation and Supervision Agency, Bayındırbank was transferred to the Savings Deposit Insurance Fund on 9 July 2001 and the name was changed to Birleşik Fon Bankası on 7 December 2005. The administration rights are being held by TMSF.[1]
The following confiscated banks were transferred to the Birleşik Fon Bankası[2]
Bayındırbank A.Ş. (09.07.2001) edit
Bayındırbank was transferred on 9 July 2001.
EGS Bank A.Ş. (18.01.2002) edit
The TMSF board of directors decided on 26 December 2001 to merge EGS Bank with all of its active and passive assets to Birleşik Fon Bankası.
Etibank A.Ş. (05.04.2002) edit
The TMSF board of directors decided on 20 March 2002 to merge Etibank A.Ş. which was during its liquidation process at that particular time. TMSF and BDDK's board of directors decided to cancel the liquidation process and merged the bank with Birleşik Fon Bankası. Esbank T.A.Ş. and İnterbank A.Ş. were also included during the merger.
İktisat Bankası T.A.Ş. (05.04.2002) edit
The TMSF board of directors decided on 20 March 2002 to merge İktisat Bankası T.A.Ş. with Birleşik Fon Bankası.
Kentbank A.Ş. (05.04.2002) edit
The TMSF board of directors decided on 20 March 2002 to merge Kentbank A.Ş. with Birleşik Fon Bankası.
Toprakbank A.Ş. (30.09.2002) edit
The TMSF and BDDK board of directors decided on 26 September 2002 to merge Toprakbank A.Ş. with Birleşik Fon Bankası
References edit
- ^ "Birlesik Fon Bankasi AS - Company Profile and News". Bloomberg.com. Retrieved 9 April 2024.
- ^ "Birleşik Fon Bankası". Fonbank.com.tr. Archived from the original on 1 June 2023. Retrieved 29 May 2010.
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