Mustafa Kemal Atatürk system. The one-party regime was established "de facto" in 1925 after the adoption of the 1924 constitution. The only political party of the GNA was the "Peoples Party", founded by Mustafa Kemal on 9 September 1923. (But according to the party culture the foundation date was the opening day of Sivas Congress on 4 September 1919). On 10 November 1924 it was renamed "Cumhuriyet Halk Fırkası" or Republican People's Party (the word "fırka" was replaced by the word "parti" in 1935). Abolition of the Caliphate was an important dimension in Mustafa Kemal's drive to reform the political system and to
Halk Bankası Halk Bankası Halk Bankası ("People's Bank"), or Halkbank, is a large Turkish state-owned bank. Halkbank was incorporated in 1933 and began offering services 1938, it initially provided loan services via the People’s Funds. After 1950, Halkbank was authorized to directly open branches and grant loans to customers. By the beginning of 1964, Halkbank had embarked upon an ambitious program where it increased capital and became more active by establishing a nationwide network of branches. Today it is the seventh-largest bank in Turkey in terms of assets. Halkbank was a link in the chain to finance Iranian petroleum interests in the