The story
İlbank was founded on 11 June 1933, under the name Bank of Municipalities (Turkish: Belediyeler Bankası) pursuant to Law No. 2301. Afterwards, the name of the bank was changed to "İller Bankası" on July 27, 1944, amid debates during the Budget Committee due to the fact that Special Provincial Administrations (SPA) and villages were out of the scope of loans and assistance, along with increasing urbanization in conjunction with rapid population growth that created more demand on funds. İller Bankası, including Special Provincial Administrations (SPA) and villages, was formally established on June 13, 1945, with Law No. 4759. İlbank's organizational status was then transformed to an incorporated company with the Law No. 6107 enacted on January 26, 2011.
From Wikipedia’s article on İlbank, shared under CC BY-SA 4.0.3