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 Halkbank in November 2004.[1] At the time Pamukbank had 172 branches and 4000 employees.[2]
| Company type | Bank |
|---|---|
| Industry | Banking |
| Founded | 22 April 1955 |
| Defunct | 17 November 2004 |
| Headquarters | Istanbul, Turkey |
| Products | Financial services |
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 edit
- Hüsnü Özyeğin (1977–1984)
- Bülent Şenver (June 1987 – July 1993)
References edit
- ^ 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
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