Raybank Explained

Raybank
Type:Bank
Foundation:1956
Defunct:1963
Location:Ankara, Turkey
Industry:Banking
Products:Financial services

Raybank is a former Turkish bank.

It was founded in 1956. The name of the bank ray means "rail" and the main shareholder was the Turkish State Railways staff charity fund with 29%.[1] However, in 1963, the bank was liquidated under the supervision of Emlak Kredi Bank, a public bank.[2]

Notes and References

  1. http://demiryoluyardimlasma.org/pg_56_Tarih%C3%A7emiz.html Charity fınd page
  2. https://www.tbmm.gov.tr/tutanaklar/TUTANAK/MM__/d02/c028/b086/mm__020280860705.pdf Parliament documents