List of Banks in Turkey with Foreign Presence and Investment

Turkey has a vibrant banking sector with numerous banks operating in the country, both locally and with foreign presence. Many of these banks have invested heavily in Turkey's economy.

Some of the notable banks with foreign presence in Turkey include Garanti Bank, which is a subsidiary of the Abu Dhabi Group, and Akbank, which has partnerships with several international banks.

These banks have brought in significant foreign investment to Turkey, contributing to the country's economic growth.

Some of the banks with foreign presence in Turkey also offer international banking services, making it easier for businesses and individuals to conduct transactions across borders.

Consider reading: What Currency Used in Turkey

In Turkey, the banking industry is dominated by privately owned deposit banks. This is evident in the list of notable banks in the country.

Adabank A.Ş., Akbank T.A.Ş., Anadolubank A.Ş., Fibabanka A.Ş., Şekerbank T.A.Ş., Türk Ekonomi Bankası A.Ş., Turkish Bank A.Ş., Türkiye İş Bankası A.Ş., and Yapı ve Kredi Bankası A.Ş. are all privately owned deposit banks.

Here are some of the notable privately owned deposit banks in Turkey:

Türkiye Cumhuriyeti Ziraat Bankası A.Ş. is a state-owned deposit bank.

There are also three state-owned participation banks: Türkiye Emlak Katılım Bankası A.Ş., Ziraat Katılım Bankası A.Ş., and Vakıf Katılım Bankası A.Ş.

The state has a presence in the development and investment sector through banks like İller Bankası, Türk Eximbank, and Türkiye Kalkınma Bankası A.Ş.

Here are the state-owned deposit, participation, and development and investment banks mentioned earlier:

There are several privately owned deposit banks in Turkey.

Some of these banks include Adabank A.Ş., Akbank T.A.Ş., Anadolubank A.Ş., Fibabanka A.Ş., Şekerbank T.A.Ş., Türk Ekonomi Bankası A.Ş., Turkish Bank A.Ş., and Yapı ve Kredi Bankası A.Ş.

These banks are all privately owned, meaning they are controlled by private individuals or companies rather than the government.

Here are some of the privately owned deposit banks in Turkey:

Privately owned development and investment banks are also present in Turkey.

Some examples include 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., and Türkiye Sınai Kalkınma Bankası A.Ş.

These banks focus on investment and development activities rather than traditional deposit banking.

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Under TMSF, several banks have been taken over. The banks under TMSF are listed below:

These banks were taken over by the Savings Deposit Insurance Fund (TMSF) at some point.

Turkey has a significant foreign presence in its banking sector, with many international banks operating in the country. Some notable foreign deposit banks include Citibank A.Ş., Deutsche Bank A.Ş., HSBC Bank A.Ş., and JPMorganChase N.A.

These international banks have a strong presence in Turkey, with many branches located throughout the country, particularly in Istanbul. According to the article, Citibank A.Ş. has 872 branches in Turkey, 282 of which are located in Istanbul.

Some of the foreign deposit banks operating in Turkey include:

These international banks offer a range of financial services to customers in Turkey, including deposit accounts, loans, and investment products.

Foreign participation banks have a significant presence in Turkey, with several institutions operating in the country. One notable example is Albaraka Türk Katılım Bankası A.Ş., which is also known as Albaraka Türk Participation Bank Inc.

This bank is one of the few foreign participation banks that have established themselves in Turkey, offering a range of financial services to customers. Another example is Kuveyt Türk Katılım Bankası A.Ş., which is also known as Kuwait Turk Participation Bank Inc.

These foreign participation banks often have unique business models and services that cater to the specific needs of their customers. By offering Islamic banking services, they provide an alternative to traditional banking practices.

Here are some foreign participation banks that have a presence in Turkey:

These foreign participation banks have been able to establish a foothold in Turkey by adapting to local market conditions and offering innovative financial products and services.

If you're a foreigner looking to bank in Turkey, you'll want to consider Garanti BBVA, which has a significant presence with 872 branches across the country, including 282 in Istanbul.

Garanti BBVA is a joint venture between Turkey's Garanti bank and Spain's BBVA, giving it a strong international backing. Its revenue in 2020 was a substantial 42.3 billion Turkish Lira.

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İş Bankası, on the other hand, is a Turkish bank with a strong international presence, having branches in several European and Middle Eastern countries, including Germany, France, the UK, and Egypt.

With 1,271 branches across Turkey and abroad, İş Bankası is one of the largest private banks in the country, with a revenue of 25.4 billion Turkish Lira in 2019.

AKBank and Yapı Kredi are two other notable banks with a significant foreign presence, although they have fewer international branches compared to İş Bankası.

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In Turkey, there are various types of development and investment banks that cater to different needs. State-owned development and investment banks are a significant part of the country's financial sector.

İller Bankası, Türk Eximbank, and Türkiye Kalkınma Bankası A.Ş. are some of the notable state-owned development and investment banks in Turkey.

Privately owned development and investment banks are also prevalent in the country, with notable examples including Aktif Yatırım Bankası A.Ş., Diler Yatırım Bankası A.Ş., and Golden Global Yatırım Bankası A.Ş.

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Here are some of the key privately owned development and investment banks in Turkey:

Foreign development and investment banks also operate in Turkey, including BankPozitif Kredi ve Kalkınma Bankası A.Ş, Merrill Lynch Yatırım Bank A.Ş., and Standard Chartered Yatırım Bankası Türk A.Ş.

Related reading: İş Yatırım

State-Owned Development plays a significant role in Turkey's economic growth.

The Turkish government has established several state-owned development and investment banks to facilitate development projects.

One such example is İller Bankası, which focuses on regional development.

Here are some key state-owned development banks in Turkey:

Private development and investment in Turkey is a growing sector, with several privately owned development and investment banks playing a significant role.

Aktif Yatırım Bankası A.Ş. is one such bank, and it's worth noting that it's a well-established player in the market.

Diler Yatırım Bankası A.Ş. and Golden Global Yatırım Bankası A.Ş. are also notable names in the sector, with a strong presence in Turkey's financial landscape.

GSD Yatırım Bankası A.Ş. and IMKB Takas ve Saklama Bankası A.Ş. are also part of this group, each bringing their unique expertise to the table.

Nurol Yatırım Bankası A.Ş. is another key player, with a strong focus on investment and development.

Turkey's industrial development is also supported by Türkiye Sınai Kalkınma Bankası A.Ş., which has been instrumental in driving growth in the sector.

Here are some of the privately owned development and investment banks in Turkey:

Foreign investment in Turkey is a significant player in the country's development. Foreign development and investment banks are a key part of this, with several major players operating in the country.

BankPozitif Kredi ve Kalkınma Bankası A.Ş is one such example, a Turkish bank that offers a range of financial services. Merrill Lynch Yatırım Bank A.Ş is another major player, with a strong presence in Turkey's financial sector.

Pasha Yatırım Bankası A.Ş and Standard Chartered Yatırım Bankası Türk A.Ş are also notable foreign investment banks in Turkey. These banks have a significant impact on the country's economy, providing vital financial services to businesses and individuals alike.

Here are some key foreign investment banks operating in Turkey: