Halkbank

Turkish lender Halkbank on Oct. 29 added a new branch to its network in Serbia, where it already has a widespread presence.

Turkish lender Halkbank is set to add a new branch to its network in Serbia, where it already has a widespread presence.

Turkey's state-run lender Halkbank has sold nonperforming loans worth 76.7 million Turkish Liras (about $12.5 million) for 4.5 million liras (about $732,940) to the Savings Deposit Insurance Fund (TMSF).

A U.S. law firm hired by Turkey to look into state-owned Halkbank's dealings with Iran found that it did not violate U.S. sanctions, Turkey's treasury and finance minister told Reuters, and Ankara does not expect the bank to face any fine.

Turkey's Halkbank's has launched a probe over a $4.6 million transaction made at incorrect foreign exchange rates late on Aug. 31. 

Turkey's Halkbank is working closely with the United States Treasury, its chief executive Osman Arslan said on May 23, after one of the bank's executives was sentenced in the U.S. last week for aiding a scheme to violate U.S. sanctions on Iran.

Turkey has slammed the 32-month sentence handed to Hakan Atilla, a former manager of state-run Halkbank, on charges that he helped Iran evade U.S. sanctions.

Mehmet Hakan Atilla, the former deputy chief executive of Halkbank, is definitely innocent, President Recep Tayyip Erdoğan told Bloomberg in an interview on May 14.

Ali Fuat Taşkesenlioğlu, a former CEO of state lender Halkbank, has been appointed as the new chair of Turkey's Capital Markets Board (SPK).

Hakan Atilla, the former deputy chief executive officer of Turkish state lender Halkbank, has said he will not file another application for his acquittal, after a New York court found him guilty early in January on five charges related to conspiracy and bank fraud.