List of banks in Turkey
Appearance
As of September 2006, the size of the banking industry is 88.2% of total financial sector in Turkey. There are 49 banks as of May 2013: 3 public deposit, 11 private deposit, 16 foreign deposit, 4 public investment, 5 private investment, 4 foreign investment, 4 participation banks and 2 banks under the supervision of the TMSF.[1] 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 operating in Turkey, provided by the Turkish Banking Regulation and Supervision Agency[2] and the Banks Association of Turkey[3]
List of banks in Turkey by total assets
Bank | Foundation | # of branches As of 31 December 2019 |
Total assets (million TL) As of December 2019[4] |
---|---|---|---|
Ziraat Bankası | 1863 | 1,758 | 649,756 |
Türkiye İş Bankası | 1924 | 1,271 | 468,059 |
Halk Bankası | 1938 | 1,006 | 457,045 |
VakıfBank | 1954 | 943 | 419,426 |
Garanti Bank | 1946 | 912 | 391,152 |
Yapı ve Kredi Bankası | 1944 | 846 | 387,496 |
Akbank | 1948 | 771 | 360,501 |
Finansbank | 1987 | 525 | 181,681 |
Türk Eximbank | 1987 | 20 | 162,883 |
Denizbank | 1997 | 708 | 156,478 |
Türk Ekonomi Bankası | 1927 | 471 | 107,350 |
ING Bank | 1984 | 210 | 57,145 |
Türkiye Sınai Kalkınma Bankası | 1950 | 3 | 42,000 |
İller Bankası | 1933 | 19 | 36,088 |
HSBC Bank | 1990 | 77 | 34,947 |
Odeabank | 2011 | 48 | 32,667 |
Şekerbank | 1953 | 238 | 30,596 |
Alternatif Bank | 1991 | 48 | 28,945 |
Fibabanka | 1984 | 63 | 21,886 |
Türkiye Kalkınma Bankası | 1975 | 1 | 19,376 |
Burgan Bank | 1991 | 35 | 18,893 |
Anadolubank | 1996 | 113 | 17,558 |
İstanbul Takas ve Saklama Bankası | 1995 | 1 | 7,631 |
Tekstilbank | 1986 | 44 | 6,264 |
Deutsche Bank | 1988 | 1 | 2,681 |
Fibabanka | 1984 | 63 | 21,886 |
Aktif Yatırım Bankası | 1999 | 8 | 7,383 |
The Royal Bank of Scotland | 1921 | 1 | 1,754 |
Citibank | 1981 | 3 | 12,852 |
Turkland Bank | 1991 | 34 | 5,651 |
Bank of Tokyo-Mitsubishi UFJ Turkey | 2013 | 1 | 4,737 |
Arap Türk Bankası | 1977 | 7 | 3,975 |
Intesa Sanpaolo S.p.A. | 2013 | 1 | 3,925 |
Merrill Lynch | 1992 | 1 | 204 |
BankPozitif | 1999 | 1 | 2,090 |
Société Générale | 1989 | 1 | 477 |
Turkish Bank | 1982 | 13 | 1,397 |
Rabobank | 2014 | 1 | 843 |
JPMorgan Chase | 1984 | 1 | 392 |
Birleşik Fon Bankası | 1958 | 1 | 2,450 |
Bank Mellat | 1982 | 3 | 354 |
Nurol Yatırım Bankası | 1999 | 1 | 788 |
Diler Yatırım Bankası | 1998 | 1 | 116 |
GSD Yatırım Bankası | 1998 | 1 | 231 |
Habib Bank Limited | 1983 | 1 | 113 |
Credit Agricole (Standard Chartered) | 1990 | 1 | 83 |
Adabank | 1985 | 1 | 53 |
Taib Yatırım Bank (Pasha Yatırım) | 1987 | 1 | 276 |
Total assets | 2272246 |
Deposit banks
State-owned deposit banks
- Türkiye Cumhuriyeti Ziraat Bankası A.Ş. [1]
- Türkiye Halk Bankası A.Ş. [2]
- Türkiye Vakıflar Bankası T.A.O. (not actually owned by the state; see the article for further information) [3]
Privately owned deposit banks
- Adabank A.Ş. [4]
- Akbank T.A.Ş. [5]
- Anadolubank A.Ş. [6]
- Fibabanka A.Ş. [7]
- Şekerbank T.A.Ş. [8]
- Türk Ekonomi Bankası A.Ş. [9]
- Turkish Bank A.Ş. [10]
- Türkiye İş Bankası A.Ş. [11]
- Yapı ve Kredi Bankası A.Ş. [12]
Banks under TMSF
- Birleşik Fon Bankası A.Ş. (formerly Bayındırbank A.Ş.) [13]
Foreign banks
Foreign deposit banks founded in Turkey
- Alternatif Bank A.Ş. [14]
- Arap Türk Bankası A.Ş. (A&T Bank) [15]
- Bank of China Turkey A.Ş. [16]
- Burgan Bank A.Ş. [17]
- Citibank A.Ş. [18]
- Denizbank A.Ş. [19]
- Deutsche Bank A.Ş. [20]
- HSBC Bank A.Ş. [21]
- ICBC Turkey Bank A.Ş. [22] (formerly Tekstilbank A.Ş.)
- ING Bank A.Ş. [23]
- MUFG Bank Turkey A.Ş. [24]
- Odea Bank A.Ş. [25]
- QNB Finansbank A.Ş. (owned by Qatar National Bank) [26]
- Rabobank A.Ş. [27]
- Turkland Bank A.Ş. [28]
- Türkiye Garanti Bankası A.Ş. [29]
Foreign deposit banks having branches in Turkey
- Bank Mellat [30]
- Habib Bank Limited [31]
- Intesa Sanpaolo S.p.A. [32]
- JPMorganChase N.A. [33]
- Société Générale (SA) [34]
Participation banks (interest-free banking/Islamic banking)
State-owned participation banks
- Türkiye Emlak Katılım Bankası A.Ş. [35]
- Ziraat Katılım Bankası A.Ş. [36]
- Vakıf Katılım Bankası A.Ş. [37]
Privately owned participation banks
- Türkiye Finans Katılım Bankası A.Ş. (Turkey Finance Participation Bank Inc.) [38]
Foreign participation banks founded in Turkey
- Albaraka Türk Katılım Bankası A.Ş. (Albaraka Türk Participation Bank Inc.) [39]
- Kuveyt Türk Katılım Bankası A.Ş. (Kuwait Turk Participation Bank Inc.) [40]
Development and investment banks
State-owned development and investment banks
Privately owned development and investment banks
- Aktif Yatırım Bankası A.Ş. [44]
- Diler Yatırım Bankası A.Ş. [45]
- Golden Global Yatırım Bankası A.Ş. [46]
- GSD Yatırım Bankası A.Ş. [47]
- IMKB Takas ve Saklama Bankası A.Ş. [48]
- Nurol Yatırım Bankası A.Ş. [49]
- Türkiye Sınai Kalkınma Bankası A.Ş. [50]
Foreign development and investment banks
- BankPozitif Kredi ve Kalkınma Bankası A.Ş [51]
- Merrill Lynch Yatırım Bank A.Ş. [52]
- Pasha Yatırım Bankası A.Ş. [53]
- Standard Chartered Yatırım Bankası Türk A.Ş. [54]
Defunct banks
- Anadolu Bank (1961)
- Bank Asya, Asya Katılım Bankası A.Ş. (Bank Asya is the trademark of Asia Participation Bank Inc.) [55]
- Bank Ekspres
- Bank Kapital
- Bayındır Bank
- Demirbank
- Dışbank A.Ş.
- Egebank
- EGS Bank
- Emlak Kredi Bank
- Esbank
- Etibank
- İktisat Bankası
- İmar Bankası
- Impexbank
- İnterbank
- İstanbul Bank
- Kentbank
- Koçbank
- Marmara Bank
- Osmanlı Bankası (Ottoman Bank)
- Oyak Bank
- Pamukbank
- Raybank
- Sitebank
- Sümerbank
- Taib Yatırım Bank A.Ş.
- Tarişbank
- Toprak Bank
- Töbank
- Türk Ticaret Bankası
- Tütünbank-Yaşarbank
- TYT Bank
- Ulusal Bank
- Yurtbank
Notes
References
- Turkey's Banks: And Banking System by Dr. Selcuk Abac. Text in English, Contains colour plates, charts, graphs and diagrams. (Detail from a copy of Turkey's Banks published by Euromoney Publications (London) in association with Various Banks in 1986 with an ISBN 0-903121-85-9)
- Marois, Thomas (2012). States, Banks, and Crisis: Emerging Finance Capitalism in Mexico and Turkey, Cheltenham, Gloucestershire, UK: Edward Elgar Publishing.