Halkbank's 9-Year US Case Nears Conclusion

Halkbank, together with the US Attorney's Office for the Southern District of New York under the Department of Justice, has filed a joint motion with the court to dismiss the criminal case against the bank. If approved by the court, the legal process that has been ongoing for approximately nine years will officially come to an end. The case was initiated in 2016 regarding Halkbank's activities in the United States. The agreement reached between the parties indicates a settlement to dismiss the case. Court approval is seen as a critical step for the final closure of the process. This development means the end of a long-standing legal uncertainty for Halkbank. It is expected to have a positive impact on the bank's international operations and reputation. This is not investment advice.