Türkiye's state lender Halkbank said on Thursday that the criminal case filed against the bank in the U.S. and ongoing for nine years will be fully concluded once the court approves the dismissal of the case following a joint petition.
Its shares rose nearly 4% early on Thursday as the U.S. Department of Justice (DOJ) formally asked a federal judge to dismiss the case against the lender.
Halkbank was charged by the U.S. government to end the prosecution, conditional on the bank complying with its terms over a 90-day period, which has now expired.
In a statement to the Public Disclosure Platform (KAP), Halkbank said it submitted a jointly signed letter for dismissal of the criminal case with the U.S. Attorney's Office for the Southern District of New York on Wednesday, as required in a settlement agreement.
In the statement, Halkbank provided information on the case and the process related to the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC).
