Halkbank is a Turkish bank, first incorporated in 1933 as a state-owned bank. After growing throughout much of the twentieth century, it began absorbing smaller-sized state banks around the turn of the millennium. Halkbank is now a publicly traded company, although the majority stakeholder remains the Turkish government. A number of scandles and controversies involving the bank emerged in the 2010's decade, some of which culminated in arrests of its executives.