Dünya Katılım Bankası A.Ş. was founded in 1984 as Adabank and was seized from the Uzan Grubu as from the İmarbank Scandal. 99.9% of the company was transferred to the Savings Deposit Insurance Fund of Turkey (TMSF). Adabank A.Ş. was sold in 2006 to the Kuwaiti The International Investor Company. The Banking Regulation and Supervision Agency (BDDK), cancelled the deal, as it found the acquiring party not being able to raise the necessary capital. In 2008, another bid was made, and Kök Menkul ve Gayrimenkul Yatırım Ticaret A.Ş., part of the Sinpaş Group successfully bid for the bank. As of now, no other declarations and news have been received regarding future operations. More information...
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