List of banks in Turkey

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 1,616,756
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
QNB 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

Privately owned deposit banks

Banks under TMSF

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
  • İller Bankası
  • Türk Eximbank
  • Türkiye Kalkınma Bankası A.Ş.

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. Bankalar
  2. Banking Regulation and Supervision Agency list of operating Banking Institutions in Turkey
  3. Banks Association of Turkey list of member institutions as of 2 May 2010
  4. "The Banks Association of Turkey". Retrieved 29 July 2020.

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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