A comprehensive guide to the names of banks in Turkey

In this article, we will learn about the names of banks in Turkey, as banks in Turkey are considered one of the main pillars of the economy, as they promote investments in various sectors thanks to its strong and secure financial system, as banks offer many financial services to facilitate payments, transfers and investments in the country and these banks are based on strong foundations and use the latest technologies to provide integrated banking services to customers, allowing them to follow all banking procedures via customized applications and through these applications, customers can easily transfer money, exchange currencies, open accounts for precious metals, in addition to obtaining credit cards and other services such as mortgages, credit loans, international remittance services, and bill payments.

Names of banks in Turkey- the best banks

Ziraat Bankasi Bank

Ziraat Bankasi was established in 1863 during the reign of the Ottoman Sultan Abdul Hamid II, with his approval, with the aim of supporting farmers, who constituted the overwhelming majority of the population at that time and the aim was to improve and develop agriculture in the country, as farmers were in urgent need of loans to alleviate their suffering and overcome the difficulties they were facing.

Over the years, Ziraat Bank has worked to develop its banking activities to suit the requirements of each time period separately, by expanding the scope of its services to become a bank directed to all social segments, as more than 160 years after its founding, Ziraat Bank is considered one of the leading names in the banking sector in Turkey.

Ziraat Bank is distinguished by its wide presence in many regions inside and outside Turkey, and includes a large number of employees exceeding 25 thousand employees and the bank is considered flexible and innovative in providing banking services, as it provides easy account opening for all segments of society, as it is also characterized by a wide spread of ATMs in various areas, including popular neighborhoods, which makes banking services available and flexible for everyone.

Business Bank İş Bankası:

Action Bank (İş Bankası), one of the largest private banks in Turkey, was founded in 1924 under the guidance of Mustafa Kemal Ataturk and the bank provides comprehensive banking and commercial services throughout Turkey and abroad, as its assets exceed 926 billion Turkish liras, and it ranks highly among the world's banks, as it is characterized by international partnerships and provides comprehensive banking services with branches and ATMs distributed throughout Turkey and abroad.

People's Bank Turkey Halk Bankası

The People's Bank, also known as Turkey Halk Bankası, was established as a state bank in 1933, and began its banking activity in 1938, with the aim of providing soft loans to small and medium-sized merchants and industrialists, as it is considered one of the largest banks in Turkey and the world, with its banking assets amounting to more than $128 billion, making it ranked 159th in the world.

Vakif Bank

Vakif Bank, also known as VakifBank, was established in 1954 in partnership with Turkish companies, with a capital of 50 million Turkish liras, becoming the second largest bank in Turkey in terms of assets and the aim of its establishment was to achieve the best use of the banking institution’s resources, in order to keep pace with development and economic needs, and to contribute to enhancing the country’s savings through a management approach based on the adoption of modern banking technologies.

Vakif Bank has branches throughout the Turkish states, in addition to its presence in cities such as New York, Erbil, Bahrain, Austria, Germany, and Turkish Cyprus.

Garanti Bank BBVA

Guarantee Bank, now known as Garanti BBVA, was founded in the Turkish capital Ankara in 1946, and is the second largest private bank in Turkey with assets amounting to $107 billion and the bank provides its services in all banking fields, with a special focus on commercial companies and small and medium-sized companies, in addition to payment systems and local and international investment services.

Guarantee Bank has 884 branches in Turkey, in addition to seven branches in Cyprus and a branch in Malta, and has representative offices in the cities of Dusseldorf and Shanghai and the bank has approximately 18.7 million customers and employs approximately 18,656 employees.

Turkish Economic Bank

The Turkish Economic Bank was founded in 1990 by Cypriot businessmen of Turkish origins, with the aim of operating in the retail and commercial banking sector, as it is considered among the leading banks in Turkish Cyprus owned by private companies, and provides its services to a variety of sectors including food, automotive, electrical, building and construction, industrial, commercial, and others.

The Turkish Economic Bank pays special attention to providing banking services to individuals, and invests in banking technology to improve the technical infrastructure.

AK Bank

A private bank was established in the Turkish city of Adana in 1948 by businessmen with the aim of financing cotton producers in the region and the bank later developed into one of the largest banks in Turkey with assets of $94 billion.

The bank was named "Turkey's Most Valuable Banking Brand" for the sixth time in a row, out of 500 valuable banking brands around the world, ranking it 94th among the world's top 500 banks.

The bank's first branches were launched in Istanbul in 1950, and the general administration building moved to Istanbul in 1954 and in 1963, all of the bank's banking transactions were completed, and its first representative office was opened in Frankfurt, Germany.

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