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October 09, 2015 5:12 PM ET


Company Overview of Adabank A.S.

Company Overview

Adabank A.S. provides commercial banking services. The company was founded in 1984 and is based in Istanbul, Turkey. Adabank A.S. operates as a subsidiary of Savings Deposit and Insurance Fund.

Büyükdere Cad.

Rumeli Han. No:40



Founded in 1984


90 212 272 64 20


90 212 272 64 46

Key Executives for Adabank A.S.

Adabank A.S. does not have any Key Executives recorded.

Adabank A.S. Key Developments

Savings Deposit and Insurance Fund Seeks To Sell Stake In Adabank A.S.

Savings Deposit and Insurance Fund, TMSF, said it will sell in auction 94.44% of local bank Adabank A.S. The auction is scheduled for February 4, 2015, the fund announced in the Thursday issue of Turkey’s official gazette. Bidders can place offers for preliminary qualification by January 28, 2015. Those who pass the preliminary qualification process must submit final bids by February 3, 2015. TMSF said it has put a target price of $77.5 million for the stake. Previous auctions for the sale of the stake yielded no result, daily Sabah said.

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