List of banks in Turkey
Encyclopedia
As of September 2006, the size of the banking industry is 88.2% of total financial sector in Turkey. There are 51 banks as of September 2006: 3 public, 16 private, 14 foreign, 13 non-commercial, 4 participation banks. Notice that one bank is under the supervision of the TMSF
. Notice also that total bank assets, as of September 2006, are 473.7 billion Turkish lira. This makes up 86.3% of the gross national product.
Below is a list of banking institutions provided by the Turkish Banking Regulation and Supervision Agency and the Banks Association of Turkey operating in Turkey.
TMSF
TMSF, the Savings Deposit Insurance Fund of Turkey is the governing body concerned with matters on fund management and insurance in the Turkish Banking System.-References:http://www.tmsf.org.tr/index.cfm?fuseaction=public.dsp_menu_content&menu_id=12...
. Notice also that total bank assets, as of September 2006, are 473.7 billion Turkish lira. This makes up 86.3% of the gross national product.
Below is a list of banking institutions provided by the Turkish Banking Regulation and Supervision Agency and the Banks Association of Turkey operating in Turkey.
State-owned deposit banks
- Türkiye Cumhuriyeti Ziraat BankasıTürkiye Cumhuriyeti Ziraat BankasiTürkiye Cumhuriyeti Ziraat Bankası , also known as Ziraat Bankası, is the second biggest Turkish bank after İş Bankası. According to a report on the "Top 1000 World Banks in 2004" published by The Banker magazine, TC Ziraat Bankasi A.S. is ranked 115th...
A.Ş. http://www.ziraat.com.tr/ - Türkiye Halk BankasıHalk BankasiHalk Bankası , or Halkbank, is a Turkish state-owned bank. Established in 1938, it initially lent money indirectly through "popular funds", before being authorized in 1950 to open branches and lend money directly. Today it is the 7th-largest bank in Turkey in terms of assets.-External links:*...
A.Ş. http://www.halkbank.com.tr/ - Türkiye Vakıflar BankasıVakifBankVakıfBank is the fifth largest bank in Turkey with its $46 billion in assets as of December 31, 2009. The company offers some of the largest services in Turkey, and operates 610 branches domestically...
T.A.O. (Actually not owned by the state, see the article for further information.) http://www.vakifbank.com.tr/
Privately owned deposit banks
- AdabankAdabankAdabank A.Ş. was founded in 1984 and was seizured from the Uzan Grubu as from the İmarbank Scandal. 99.9% of the company was transferred to the TMSF, the Turkish Savings Deposit Insurance Fund. Adabank A.Ş. was sold in 2006 to the Kuwaiti, The International Investor Company...
A.Ş. http://www.adabank.com.tr/ - AkbankAkbankAkbank is Turkey-based bank and was founded in Adana, Turkey on January 1948, originally to provide financing for the cotton producers in the Çukurova region. Growing and developing over time, the Bank opened its first branch in Istanbul in the district of Sirkeci on July 14, 1950, moving its...
T.A.Ş. http://www.akbank.com/ - Alternatif BankAlternatif BankAbank was founded in 1991 by the Doğan Grubu and was enlisted in 1995 with 20% of its shares at the Istanbul Stock Exchange. In 1996, 80% the bank was acquired by Anadolu Grubu, later the share of the group rose to 96%....
A.Ş. http://www.abank.com.tr/ - AnadolubankAnadolubankAnadolubank A.Ş. is a Turkish bank bought in 1997 by HABAŞ Grubu from the Prime Ministry Privatization Administration of Turkey Anadolubank currently maintains 86 branches throughout Turkey and has a personnel of total 1,907 employees.Anadolubank A.Ş...
A.Ş. http://www.anadolubank.com.tr/ - ŞekerbankŞekerbankŞekerbank A.Ş was founded in 1953 as the Sugar Beet Cooperative Bank in Eskişehir, Turkey. In 1956 the bank relocated to Ankara and was renamed to Şekerbank. The initial public offering of the bank was carried out in 1997 and in 2004 the Bank relocated its Headquarters again, this time to Istanbul,...
T.A.Ş. http://www.sekerbank.com.tr/ - Tekstilbank A.Ş. http://www.tekstilbank.com.tr/
- Turkish BankTurkish BankTurkish Bank Group is a Banking corporation established during 1901 as the Nicosia Savings Box in Cyprus assisted businesses by providing capital and financial support for local tradesmen...
A.Ş. http://www.turkishbankgroup.com/ - Türk Ekonomi BankasıTürk Ekonomi BankasiTürk Ekonomi Bankası , abbreviated TEB, was founded in 1927 by private investors as a regional bank under the name of Kocaeli Bankası T.A.Ş. in İzmit, Turkey....
A.Ş. http://www.teb.com.tr/ - Türkiye Garanti BankasıGaranti BankGaranti Bank is the second largest-private bank in Turkey with US$90 billion in assets as of December 31, 2010. On November 2nd, 2010 BBVA , Spain's second largest bank, acquired 24.9% stake in Garanti Bank for $5.8 billion. Garanti provides retail, commercial, corporate and private banking...
A.Ş. http://www.garanti.com.tr/ - Türkiye İş BankasıTürkiye Is BankasiTürkiye İş Bankası is Turkey's first public bank and premiere national financial institution, ranked 102nd in the “Top 1000 World Banks” survey of Financial Times' The Banker and 371st in the Forbes Global 2000 lists as of 2008, with a Gross Profit for the Year 2006 TRY 2,540 million and USD 6.8...
A.Ş. http://www.isbank.com.tr/ - Yapı ve Kredi BankasıYapi ve Kredi Bankasi- History of Yapi Kredi A.Ş :Yapı Kredi is the first nationwide private bank in Turkey, established in 1944, and positioned as the fourth largest privately-owned and by asset size in Turkey, with interest in credit cards, assets under management, non-cash loans, leasing, factoring, private pension...
A.Ş. http://www.yapikredi.com.tr/
Banks under TMSF
- Birleşik Fon BankasıBirleşik Fon BankasıBirleşik Fon Bankası A.Ş. , was initially founded as Çaybank A.Ş. in 1958. In 1992 the name of the bank was changed to Derbank and after being acquired by the Bayındır Grubu in 1997 the name was changed to Bayındırbank.With the decision made by the Turkish Banking Regulation and Supervision Agency,...
A.Ş. (formerly Bayındırbank A.Ş.) http://www.fonbank.com.tr/
Foreign deposit banks founded in Turkey
- Arap Türk BankasıArap Türk BankasıArap Türk Bankası A.Ş. was founded in 1977, and consist of 65% Arab ownership and 35% private Turkish ownership....
A.Ş. http://www.atbank.com.tr/ - CitibankCitibankCitibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York...
A.Ş. http://www.citibank.com.tr/ - DenizbankDenizbankDenizBank A.Ş. is a private bank in Turkey controlled 99.79% by the French - Belgian bank Dexia since May 2006.DenizBank was established in 1938 as a state-owned bank to help finance the then emerging Turkish maritime industry...
A.Ş. (Dexia Group) http://www.denizbank.com/ - Deutsche BankDeutsche BankDeutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...
A.Ş. http://www.db.com/turkey/ - Eurobank Tekfen A.Ş. http://www.eurobanktekfen.com/
- FinansbankFinansbankFounded in 1994 in Amsterdam, Credit Europe Bank N.V. has grown towards a top 10 position in the Netherlands with a total balance of Euro 10 billion as per end of 2010. The bank is under full supervision of the Dutch Central Bank, named De Nederlandsche Bank. Credit Europe Bank is focused on trade...
A.Ş. (acquired by the National Bank of GreeceNational Bank of GreeceThe National Bank of Greece is the oldest and largest commercial banking group in Greece. The group has a particularly strong presence in Southeastern Europe and the Eastern Mediterranean...
) http://www.finansbank.com.tr/ - Fortis Bank A.Ş. http://www.teb.com.tr/fortis/
- HSBC Bank A.Ş.HSBC Bank (Turkey)HSBC Bank A.Ş., the Turkey subsidiary of the HSBC Group, is a bank with its head office in Istanbul.-History:HSBC Bank A.Ş. was established as Midland Bank A.Ş. in 1990. It was the subsidiary of Midland Bank and was renamed HSBC Bank A.Ş. in 1999. In October 2001, HSBC Bank A.Ş...
http://www.hsbc.com.tr/ - ING Bank A.Ş. http://www.ingbank.com.tr/
- Millenium Bank A.Ş. http://www.millenniumbank.com.tr/
- Turkland Bank A.Ş. formerly MNG Bank A.Ş. http://www.tbank.com.tr/
Foreign deposit banks having branches in Turkey
- Bank MellatBank MellatBank Mellat is a Private Iranian bank. Its name means "Bank of the Nation". Bank Mellat was established in 1980, with a paid of capital of Rials 33.5bn as a merger of ten pre-revolution private banks comprising: Tehran, Dariush, Pars, Etebarat Taavoni & Tozie, Iran & Arab, Bein-al-melalie-Iran,...
- Habib Bank Limited
- J P Morgan Chase Bank N.A.
- Société GénéraleSociété GénéraleSociété Générale S.A. is a large European Bank and a major Financial Services company that has a substantial global presence. Its registered office is on Boulevard Haussmann in the 9th arrondissement of Paris, while its head office is in the Tours Société Générale in the business district of La...
(SA) - Royal Bank of ScotlandRoyal Bank of ScotlandThe Royal Bank of Scotland Group is a British banking and insurance holding company in which the UK Government holds an 84% stake. This stake is held and managed through UK Financial Investments Limited, whose voting rights are limited to 75% in order for the bank to retain its listing on the...
N.V. - WestLBWestLBWestLB AG is a European commercial bank based in Düsseldorf in Germany which is partly owned by the German state of North Rhine-Westphalia. The letters LB in the name stand for Landesbank. The Landesbanken are a group of state owned banks unique to Germany...
AG
Privately-owned participation banks
- Bank AsyaBank AsyaBank Asya was established in October 24, 1996 with its head officein Istanbul, as the sixth private finance house ofTurkey. The company's name, which had been previously "Asya Finans Kurumu...
, Asya Katılım Bankası A.Ş. (Bank Asya is the trademark of Asia Participation Bank Inc.) http://www.bankasya.com.tr/ - Türkiye Finans Katılım Bankası A.Ş. (Turkey Finance Participation Bank Inc.) http://www.turkiyefinans.com.tr/
Foreign participation banks founded in Turkey
- Albaraka TürkAlbaraka TürkAlbaraka Türk Katılım Bankası A.Ş. was founded in 1984 in Istanbul, Turkey by the Bahraini Al Baraka Banking Group and commenced its commercial activities in 1985 as Albaraka Türk Özel Finans Kurumu. It is known as the first Participation Bank in Turkey...
Katılım Bankası A.Ş. (Albaraka Türk Participation Bank Inc.) http://www.albarakaturk.com.tr/ - Kuveyt Türk Katılım Bankası A.Ş. (Kuwait Turk Participation Bank Inc.) http://www.kuveytturk.com.tr/
State-owned development and investment banks
- İller Bankası http://www.ilbank.gov.tr/
- Türk Eximbank http://www.eximbank.gov.tr/
- Türkiye Kalkınma Bankası A.Ş. http://www.kalkinma.com.tr/
Privately-owned development and investment banks
- Aktif Yatırım Bankası A.Ş. http://www.aktifbank.com.tr/
- Diler Yatırım Bankası A.Ş. http://www.dilerbank.com.tr/
- GSD Yatırım Bankası A.Ş. http://www.gsdbank.com.tr/
- IMKB Takas ve Saklama Bankası A.Ş. http://www.takasbank.com.tr/
- Nurol Yatırım Bankası A.Ş. http://www.nurolbank.com.tr/
- Türkiye Sınai Kalkınma Bankası A.Ş. http://www.tskb.com.tr/
Foreign development and investment banks
- BankPozitif Kredi ve Kalkınma Bankası A.Ş http://www.bankpozitif.com.tr/
- Credit Agricole Yatırım Bankası Türk A.Ş. http://www.ca-cib.com/global-presence/turkiye.htm
- Merrill Lynch Yatırım Bank A.Ş. http://www.ml.com.tr/
- Taib Yatırım Bank A.Ş. http://www.taib.com.tr/
Defunct banks
- Bank Ekspres
- Bank Kapital
- Bayındır Bank
- DemirbankDemirbankDemirbank T.A.Ş. is a bank purchased on October 30, 2001 by HSBC from the Turkish Banking Regulator for £248 million.Demirbank was merged with the bank’s existing subsidiary in Turkey, HSBC Bank A.Ş. on December 14, 2001, creating a combined business with a balance sheet of £1.4 billion and capital...
- Dışbank A.Ş.
- Ege Bank
- EGS Bank
- EsbankEsbankEsbank was a Turkish private bank. It was established on September 15, 1927, but later taken over by the Turkish government due to financial hardship on December 22, 1999. It was merged with Etibank on June 29, 2001....
- Etibank
- İktisat Bankası
- İmar Bankası
- Impexbank
- İnterbankInterbankInterbank is a Peruvian provider of financial services.-History:In 1897, Elias Mujica opened an agency at Jiron de la Union in Lima's historical center under the name of Banco Internacional...
- Kentbank
- KoçbankKoçbankKoçbank was a Turkish bank. It was a wholly owned subsidiary of Koç Holding.-Origins:Koçbank was founded in 1981 as the American Express Bank, based in Istanbul. Koç Holding acquired a 51% stake in the bank in 1986, renaming it Koç-American Bank, and in 1992 the bank became a wholly owned...
- Marmara Bank
- Osmanlı BankasıOttoman BankThe Ottoman Bank was founded in 1856 in the Galata business section of İstanbul, the capital of the Ottoman Empire, as a joint venture between British interests, the Banque de Paris et des Pays-Bas of France, and the Ottoman government.The opening capital of the Bank consisted of 135,000 shares,...
(Ottoman Bank) - Oyakbank
- Pamukbank
- Sitebank
- SümerbankSümerbankSümerbank was a Turkish bank and industrial holding company. On 11 January 2002, Oyak Bank acquired Sümerbank and the combined bank is now known under the Oyak Bank name.-Textile plant:Sümerbank began as a textile plant....
- Taris Bank
- Toprak Bank
- Türk Ticaret Bankası
- TYT Bank
- Ulusal Bank
- Yaşar Bank
- Yurtbank