Understanding ICBC Turkey's Financial Strength and Payment Methods

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ICBC Turkey is a significant player in the Turkish banking sector, with a strong financial foundation. With a total asset value of 1.4 trillion Turkish Lira, ICBC Turkey is one of the largest banks in Turkey.

ICBC Turkey's financial strength is backed by its robust capital base, with a capital adequacy ratio of 15.4%. This provides a solid foundation for the bank to withstand economic fluctuations.

The bank offers a range of payment methods, including online banking, mobile banking, and ATMs. ICBC Turkey's online banking platform allows customers to manage their accounts, pay bills, and transfer funds with ease.

ICBC Turkey's focus on digital banking has made it a convenient option for customers, who can access their accounts 24/7.

ICBC Turkey Overview

ICBC Turkey is the Turkish subsidiary of the Industrial and Commercial Bank of China (ICBC), one of the largest banks in the world.

ICBC Turkey was established in 2007 to expand ICBC's presence in the Turkish market.

A stunning night view of the illuminated Ziraat Bank Museum in Ankara, Türkiye.
Credit: pexels.com, A stunning night view of the illuminated Ziraat Bank Museum in Ankara, Türkiye.

The bank's main office is located in Istanbul, Turkey's largest city and economic hub.

ICBC Turkey offers a range of financial services to individuals and businesses, including corporate banking, retail banking, and investment banking.

The bank has a significant presence in Turkey's financial market, with a network of branches and subsidiaries across the country.

ICBC Turkey has a strong focus on corporate banking, providing financing and advisory services to large Turkish and international companies.

The bank's retail banking services include personal loans, credit cards, and deposit accounts.

ICBC Turkey also provides investment banking services, including mergers and acquisitions, equity and debt financing, and advisory services.

The bank's international presence allows it to offer global trade finance and other cross-border services to its clients.

ICBC Turkey has a strong commitment to corporate social responsibility and community development in Turkey.

For your interest: Turkish Central Bank

Valuation and News

ICBC Turkey Bank's net result swung to a loss of 301.0 million lira year-over-year.

The bank's financial performance has been a topic of interest, with several earnings reports released in the past year. ICBC Turkey Bank A.S. Reports Earnings Results for the Full Year Ended December 31, 2024, showed a significant change in the bank's net result.

Bars on Windows in Building in Town in Turkey
Credit: pexels.com, Bars on Windows in Building in Town in Turkey

ICBC Turkey Bank's financial reports have been consistently released in February and August of each year, providing valuable insights into the bank's performance. For example, ICBC Turkey Bank A.S. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024, was released on August 15, 2024.

Here is a summary of ICBC Turkey Bank's financial reports:

ICBC Turkey Bank's financial reports provide a clear picture of the bank's performance over the past few years.

Payment and Services

To track a SWIFT cross-border payment to or from ICBC Turkey, you'll need a UETR code, reference number, amount, payment date, and currency. This information is typically found in an MT103 form.

You can use this information to follow the status of your payment, which can take some time due to international transfer processes.

تبع الدفع

To track a SWIFT cross-border payment, you'll need a UETR code and an MT103 form.

This form typically contains the necessary information, including the reference number, amount, payment date, and currency.

You can find the UETR code and other required details in the MT103 form.

The payment date, amount, and currency are all crucial pieces of information for tracking a SWIFT cross-border payment.

Banks

Illuminated Wells Fargo bank branch at night showcasing modern architecture and signage.
Credit: pexels.com, Illuminated Wells Fargo bank branch at night showcasing modern architecture and signage.

ICBC Turkey Bank A.S. reported its earnings results for the third quarter and nine months ended September 30, 2024, on October 24.

ICBC Turkey Bank A.S. reported its earnings results for the second quarter and six months ended June 30, 2024, on August 15.

ICBC Turkey Bank A.S. released its earnings results for significant periods in 2024, with reports on October 24 and August 15.

ICBC Turkey Bank A.S. released its earnings results for the third quarter and nine months ended September 30, 2024, on October 24, and for the second quarter and six months ended June 30, 2024, on August 15.

Here is a summary of ICBC Turkey Bank A.S.'s earnings release dates:

Frequently Asked Questions

Is ICBC China government owned?

ICBC is majority-owned by the Chinese government. Its ownership has remained unchanged since its initial public offering in 2006.

Which country has ICBC bank?

ICBC has a presence in 42 countries and regions worldwide, including major economies in Asia, Europe, and beyond. Explore our global network to learn more about our international branches.

What is the swift code of ICBC Turkey bank?

The SWIFT/BIC code for ICBC Turkey Bank A.S. is ICBKTRISXXX. This unique code facilitates international transactions and payments for the bank's clients.

Carole Veum

Junior Writer

Carole Veum is a seasoned writer with a keen eye for detail and a passion for financial journalism. Her work has appeared in several notable publications, covering a range of topics including banking and mergers and acquisitions. Veum's articles on the Banks of Kenya provide a comprehensive understanding of the local financial landscape, while her pieces on 2013 Mergers and Acquisitions offer insightful analysis of significant corporate transactions.

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