Istanbul Finance Center is the new campus for both public and private banks in Turkey

As of March 2023, total assets of the banking industry in Turkey is 827.3 billion USD.[1] There are 57 banks : 32 deposit, 16 development and investment, 6 participation banks and 3 banks under the supervision of the TMSF.[2]

Below is a list of banking institutions operating in Turkey, provided by the Turkish Banking Regulation and Supervision Agency[3] and the Banks Association of Turkey[4]

List of banks in Turkey by total assets

TBB data as of December 31, 2022 [5]

Bank Foundation Number of Branches Total Assets
(Million $)
Ziraat Bankası 1863 1,758 123,630
VakıfBank 1954 949 89,904
Türkiye İş Bankası 1924 1,131 75,318
Halk Bankası 1938 1,038 74,453
Garanti BBVA 1946 837 61,619
Yapı ve Kredi Bankası 1944 801 59,262
Akbank 1948 711 57,502
QNB Finansbank 1987 436 32,182
Denizbank 1997 671 28,147
Türk Eximbank 1987 23 18,506
TEB 1927 448 14,715
Türkiye Sınai Kalkınma Bankası 1950 2 6,181
ING 1984 148 5,287
İller Bankası 1933 19 4,964
Türkiye Kalkınma Bankası 1975 1 4,899
HSBC 1990 70 4,708
İstanbul Takasbank 1995 1 4,589
Fibabanka 1984 44 3,963
Odeabank 2011 48 3,690
Şekerbank 1953 238 3,382
ICBC Turkey Bank 1986 39 3,247
Burgan Bank 1991 32 3,092
Alternatif Bank 1991 33 3,072
Aktif Yatırım Bankası 1998 13 2,606
Citibank 1981 3 2,135
Anadolubank 1997 116 2,102
MUFG Bank Turkey 2012 1 1,959
Intesa Sanpaolo S.p.A. 2013 1 1,681
Nurol Yatırım Bankası 1998 1 937
Arap Türk Bankası 1977 7 612
Deutsche Bank 1988 1 610
Turkland Bank 1991 12 398
Birleşik Fon Bankası 1958 1 373
PASHA Yatırım Bankası 1987 1 329
Bank of America Yatırım Bank 1992 1 285
Turkish Bank 1981 6 155
Bank of China Turkey 2017 1 149
Golden Global Yatırım Bankası 2019 1 137
Bank Mellat 1984 3 91
JPMorgan Chase 1984 1 89
Destek Yatırım Bankası 2021 1 83
Rabobank 2013 1 76
D Yatırım Bankası 2020 1 62
BankPozitif 1998 1 60
GSD Yatırım Bankası 1998 3 52
Habib Bank Limited 1982 1 40
Standard Chartered Yatırım Bankası Türk 1990 1 17
Diler Yatırım Bankası 1998 1 16
Türk Ticaret Bankası 2021 1 13
Société Générale 1989 1 9
Adabank 1984 1 3

Deposit banks

State-owned deposit banks

Privately owned deposit banks

Banks under TMSF

Foreign banks

Foreign deposit banks founded in Turkey

Foreign deposit banks having branches in Turkey

Participation banks (interest-free banking/Islamic banking)

State-owned participation banks

  • Türkiye Emlak Katılım Bankası A.Ş.
  • Ziraat Katılım Bankası A.Ş.
  • Vakıf Katılım Bankası A.Ş.

Privately owned participation banks

  • Türkiye Finans Katılım Bankası A.Ş. (Turkey Finance Participation Bank Inc.)

Foreign participation banks founded in Turkey

  • Albaraka Türk Katılım Bankası A.Ş. (Albaraka Türk Participation Bank Inc.)
  • Kuveyt Türk Katılım Bankası A.Ş. (Kuwait Turk Participation Bank Inc.)

Development and investment banks

State-owned development and investment banks

Privately owned development and investment banks

  • Aktif Yatırım Bankası A.Ş.
  • Diler Yatırım Bankası A.Ş.
  • Golden Global Yatırım Bankası A.Ş.
  • GSD Yatırım Bankası A.Ş.
  • IMKB Takas ve Saklama Bankası A.Ş.
  • Nurol Yatırım Bankası A.Ş.
  • Türkiye Sınai Kalkınma Bankası A.Ş.

Foreign development and investment banks

  • BankPozitif Kredi ve Kalkınma Bankası A.Ş
  • Merrill Lynch Yatırım Bank A.Ş.
  • Pasha Yatırım Bankası A.Ş.
  • Standard Chartered Yatırım Bankası Türk A.Ş.

Defunct banks

Notes

  1. ↑ "Monthly Banking Sector Data". www.bddk.org.tr. Retrieved 25 May 2023.
  2. ↑ "Banks". www.bddk.org.tr. Retrieved 25 May 2023.
  3. ↑ Banking Regulation and Supervision Agency list of operating Banking Institutions in Turkey
  4. ↑ Banks Association of Turkey list of member institutions as of 2 May 2010
  5. ↑ "Banks in Türkiye 2022". www.tbb.org.tr. Table 1. Retrieved 18 May 2023.{{cite web}}: CS1 maint: location (link)

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.
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