Pamukbank

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]

Pamukbank
TypeBank
IndustryBanking
Founded22 April 1955
Defunct17 November 2004
HeadquartersIstanbul, Turkey
ProductsFinancial 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

References

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