18.06.2026 10:52
The nine-year-long case against Halkbank in the US officially ended after the court approved its dismissal. Following the decision, Halkbank shares gained 8.4% at Borsa Istanbul.
The nine-year-long case against Halkbank in the USA has officially ended after the court approved its dismissal. Following the decision, Halkbank shares gained 8.4% on Borsa Istanbul.
In Halkbank's statement to the Public Disclosure Platform (KAP), it was stated, "The criminal case that has been ongoing against our bank in the USA for many years has been finally and conclusively closed. We wish this decision to be auspicious for our bank, our investors, our customers, and our employees."
The statement emphasized that the bank, which has been serving the Turkish economy for 88 years, will continue its operations in a strong, reliable, and uninterrupted manner, in full compliance with all national and international regulations.
THE TRIAL HAD BEEN ONGOING FOR 9 YEARS
With the decision of U.S. Federal Judge Richard Berman, the criminal trial process that was initiated in 2019 and had been ongoing for approximately nine years has officially come to an end. The case was based on allegations that Halkbank helped Iran circumvent U.S. sanctions. Turkey denied the accusations, while President Recep Tayyip Erdoğan described the case as "unlawful."
Western media reported that the conclusion of the case could remove a long-standing point of contention between Turkey and the USA and contribute to easing tensions in relations.