Banks in Turkey

Turkish banks are among the main pillars of encouraging investments in various sectors in Turkey.

as these banks rely on a strong and secure financial system, and provide many financial services that facilitate payments.

money transfers, and investment in Turkey:

This strong system that banks in Turkey rely on is based on strong and solid foundations.
as it uses the latest technologies that will provide integrated services to customers.
and allow them to follow all banking procedures by downloading applications designated for banks in Google Play on mobile phones.
Through these official applications for banks in Turkey, customers can transfer and receive money easily.
exchange currencies and all procedures related to buying and selling, open accounts for precious.
metals such as gold, silver, and platinum, and issue credit cards to foreigners.
In addition.
there are some services in Turkey’s banks related to mortgages, credit loans, international.
transfers service, and many other services such as paying bills (water, gas, electricity, internet, and mobile phones).

Top 9 Turkish banks:

Iş Bank:

The Turkish Labor Bank, which is known in Turkey as Türkiye İş Bankası ,is one of the largest private banks.
that provide banking and commercial services in Turkey. It was established in 1924 by order of Mustafa Kemal Ataturk.
to be the first banking bank established in the time of the Turkish Republic.
The size of the assets of the Turkish Labor Bank reached 926,6 billion TL in 2021.
and it ranks 181st as the largest bank in the world in terms of capital according to the ranking announced by The Banker magazine.
İş Bank provides integrated services in the field.
of bank accounts at the local and international levels. It is in partnership with other banks in Germany, Georgia, and Russia.
The headquarters of this bank is in the towers in the Levent district on the European side of Istanbul.
The Turkish Labor Bank owns 21 bank branches abroad, 1,195 branches in all Turkish states, and 6,472 ATM centers.
spread in all regions and neighborhoods and employ more than 22,000 human cadres.

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Ziraat Bankasi:

The Turkish Ziraat Bank was established on November 20, 1863, with the official approval of Sultan Abdul Hamid II.
The Ziraat Bank began as a modest charitable fund that provided adequate support to the farmers.
who constituted the majority of the population at the time, and because of their suffering and difficulties.
they were in dire need of loans in order to improve the agricultural business.
The State Ziraat Bank continues to develop its banking activities, in line with the objectives set for each specific time stage.
by expanding the scope of its services to become a bank directed to all social segments.
The headquarters of the Ziraat Bank is located in the Altindağ district of the capital, Ankara.
It has branches inside and outside Turkey. It includes 25,697 employees in all branches and its headquarters.
Ziraat Bank is characterized by the presence of a large number of bank branches spread in all regions and neighborhoods of Turkey.
and the spread of ATM points in all parts of the cities.
The banking system in this bank is characterized by great flexibility, and the ease of opening bank accounts for all popular groups.
including students, employees, and Turkish and foreign investors.

Vakif Bank:

It was established on January 11, 1954, in partnership with other Turkish companies, with a capital of 50 million TL.
which is the second largest bank in Turkey in terms of assets.
This bank was mainly established to achieve the best use of the banking institution’s resources.
in line with the needs of economic development, and to contribute to the country’s savings through a management approach.
based on the good use of modern banking technologies.
Vakif Bank provides services at the local and international levels, especially with the presence of many branches in various Turkish states.
and in various parts of the world such as New York, Erbil, Bahrain, Austria, Germany, and Northern Cyprus.

Halk Bank:

The People’s Bank of Turkey, known as Türkiye Halk Bankası, is an official government bank.
which was established on June 8, 1933, and began providing banking activities on May 23, 1938.
with the aim of providing easy and cheap loans to small and medium merchants and industrialists.
Halk Bank is one of the largest banks in the world, with a volume of banking assets of 128,480 million.
and with this figure, it ranks 159th in the world in terms of the number of assets available in it.

Yapi Kredi Bank:

Yapi Kredi Bank is the first private bank established in1944 in Istanbul, and it is the third largest private bank in Turkey.
with total assets of 780,8 billion TL in 2021, and it has 804 branches in all Turkish regions and a human cadre of 15,000 employees.

Garanti BBVA:

It is a private bank that was established in Ankara on June 21, 1946. It is the second largest private bank in Turkey.
with consolidated assets of $107 billion. Garanti Bank operates in all areas of banking, including business related to commercial companies.
small and medium-sized companies, payment systems, and banking services for domestic and foreign investments.
The Social Security Bank has 884 branches in Turkey, 7 branches in Cyprus, and one branch in Malta.
bringing the number of bank branches of the Social Security Bank to 8 branches abroad.
It also has representative offices in Düsseldorf and Shanghai, providing exemplary services to all 18.7 million clients, with a staff of 18,656 employees and 5,309 cash withdrawal centers.

Deniz Bank:

Deniz Bank was owned by the Russian billionaire Sberbank and then transferred to the National Bank of Dubai in the UAE in May 2018.
Deniz Bank has a 3.7% balance in the Turkish market.
and in addition to the centers and branches in Turkey, it has two centers outside Turkey, Specifically in Germany and Austria.

Iktisat Bank:

The Turkish Economic Bank was established in 1990 by Turkish Cypriot businessmen.
with the aim of working in the fields of retail banking and commercial, and is one of the leading companies among.
the local privately owned banks operating in the Turkish Republic of Northern Cyprus.
Iktisat Bank works with importing companies in various sectors (food, automobiles, electrical, spare parts)
as well as construction and contracting companies, manufacturing companies, small and medium-sized companies, and trading companies.
The Bank has prioritized work and deepening in retail banking issues , and has been making very serious investments in technology infrastructure.

Ak Bank:

It is a private bank that was established in Adana in 1948 by a group of businessmen.
with the aim of providing financing to cotton producers in the region, and it has turned out to be one of the largest banks in Turkey.
with assets of nearly $94 billion.
Ak bank was named the “Most Valuable Bank Brand in Turkey” for the sixth consecutive time in the “500 Most Valuable Banking Brands in the World”.
and with this great commercial value, Ak bank ranked 94th in the list of 500 banks worldwide.
The first Ak bank branch was opened in Istanbul 1950, and then the general manager of the bank moved to Istanbul in 1954.
All banking transactions were automated at AK Bank in 1963, and the first foreign representative office of this bank was opened in Frankfurt, Germany.

Arab and Islamic banks in Turkey :

Islamic banks in Turkey depend on a strong and interest-free financial system, the most important of which are:

Kuveyt Turk:

Kuveyt Turk Bank was established in 1989 as a private financial institution to operate in the banking business, in accordance.
with the principles established by Cabinet Resolution dated 1983.
62% of the capital of Kuveyt Türk Bank goes to the Kuwait Finance Corporation, 9% to the Kuwait State
Social Security Corporation, 9% to the Islamic Development Bank, and 18% to the General Directorate of Foundations, and 2% to other partners.
The Kuwait Finance Corporation is the largest shareholder in Kuwait Turkish Bank with a capital stake of 62%.
which is a giant financial institution in Kuwait that owns billions of dollars in money and contemporary banking services and is among.
the best interest-free financial institutions in the world.
Kuveyt Türk Bank is the best bank in Turkey for foreigners. It prides itself on its ability to provide fast and high-quality.
service to savers and investors and works on using all kinds of modern technological technologies in order to facilitate.
customer reviews and speed up its banking business.

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AlBaraka Bank:

AlBaraka Turkish Bank is one of the first Islamic participatory banks established in Turkey by the Bahraini AlBaraka Group.
The bank started providing banking and investment activities in 1985 in the Umraniye area in Istanbul, Asia.
under the name AlBaraka Turkish Private Finance Corporation.
The ownership structure of AlBaraka Turkish Bank consists.
of 66.51% by the foreign investment entities made up of AlBaraka Banking Group and the Islamic Development Bank.
91% by the local parties of investors, and 20.57% by the IPO.
AlBaraka Turkish Bank has 236 branches scattered all over Turkey, in addition to two branches in Erbil and Baghdad.
employing approximately 3,899 employees.
The largest official partner of AlBaraka Bank of Turkey is AlBaraka Banking Group, an investment group that provides.
financial and financial services in the Gulf, Middle East, and North Africa regions.

QNB Bank:

Qatari Turkish Bank is one of the most prominent Turkish banks affiliated with the Qatari QNB Group, established on October 26, 1987.
with a capital of $4 million,
It was sold to the Qatari QNB Group for €2.7 billion in June 2016.
One of the most prominent partners.
in Qatar Turkish Bank is QNB Finansfaktoring,
Qatari Turkish Bank is one of the largest Arab banks in Turkey, and one of the leading financial institutions in the Middle East and Africa.
providing ideal banking services to more than 1.5 million customers in Turkey and 31 countries around the world.
through 515 branches and 11,882 employees in all spread branches.

online banks in Turkey:

Papara:

Papara e-Bank is a financial technology institution that is trying to create a new banking experience.
by offering competitive and user-oriented solutions against traditional financial applications.
Papara online bank legally operates as an electronic financial institution, and under a license.
it obtained from the Agency for Banking Regulation and Supervision in 2016.
As an official member of MasterCard, Visa.
and Interbank Card Center.
the electronic bank, Papara, has launched a prepaid card that is not approved by any of the official banks and bears.
the MasterCard logo for the first time in Turkey.
The Papara website offers many benefits to users, including obtaining discounts when purchasing from some websites.
or benefiting from discounts when subscribing to certain packages such as movie-watching sites
as well as offers on YouTube promotion of up to half the value.

الوديعة المصرفية

Payoneer:

One of the electronic banks that provide banking services is Pioneer Bank, which is a famous American platform for digital transfers.
where you can open an account linked to this bank from any country around the world, and get a prepaid card that arrives.
at your doorstep without any expenses.
Payoneer Bank provides integrated electronic financial services for e-commerce activities around the world.
such as receiving money online, requesting payments from customers, withdrawing balances via bank transfers or ATMs, and paying suppliers.

Tosla:

Affiliated to Akbank in Turkey, Tosla e-bank makes the shopping experience unique, making free transactions such as making payments.
and sending and receiving money easy, moreover, it provides an advantage over favorite brands with its campaigns full of opportunities.

Turkish banks for investment and development

There is a group of Turkish banks dedicated to investment and development, which is concerned with providing the necessary.

support from loans in many investment sectors, and among the most important development and investment banks:

Türk Eximbank
Türkiye Sınai Kalkınma Bankası
İller Bankası
Aktif Yatırım Bankası
İstanbul Takasbank

Turkish banks for investment and development offer incentive loans to those wishing to invest in the field of industry in Turkey.

aiming to attract foreign funds to Turkey and increase the productivity of industrial projects.