Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2004
Fraud convictions involving Nergis associates
Cavit Çağlar and other people associated with Nergis were sentenced to three years and ten months for bank fraud connected with İnterbank after an earlier acquittal was overturned on appeal.
1999
Alleged excessive transfers to Nergis Holding companies
Prosecutors alleged that more than $650 million had been transferred from İnterbank to companies associated with Nergis Holding during 1998, beyond legal limits for intra-group transfers. The reported Nergis-related debt to the bank exceeded $1.1 billion. The allegations contributed to the bank's state takeover and subsequent resolution.