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 51 banks as of September 2006: 3 public, 16 private, 14 foreign, 13 non-commercial, 4 participation banks. Notice that one bank is 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 provided by the Turkish Banking Regulation and Supervision Agency[2] and the Banks Association of Turkey  operating in Turkey.

The Banks Association of Turkey was founded in 1958. It is a professional organization, which is a legal entity with the status of a public institution, established pursuant to Article 79 of the Banks Act. The head office of the Association is in Istanbul. The purpose of the Association is to preserve the rights and benefits of banks, to carry on studies for the growth of the banking sector, for its robust functioning and the development of banking profession, strengthening of competition power, to take the decisions/ensure that they are taken to prevent unfair competition, to implement and demand implementation of these decisions, in line with the principles of open market economics and perfect competition and the regulations, principles and rules of banking. Membership All deposit banks, development and investment banks operating in Turkey are obliged to become members of this Association at most a month after they get their permit of operation, and to comply with the provisions of this Statute, and to implement the decisions taken by the authorized bodies of the Association. http://www.tbb.org.tr/eng/Tbb/Genel_Bilgiler.aspx

Banks in Turkey

The banking sector forms a great part of the Turkish financial system in its dynamic economy. Most of the transactions and activities of money and capital markets are carried out by banks. Most State banks were established to finance a particular industry such as agriculture for example (Ziraat Bank), but private banks generally have close connections to large industrial groups and holdings.

First banking activities started in early 1800s with the so-called money-changers and the Galata bankers. During this period, all quasi-banking activities were carried out by money-changers, and The Galata bankers consisted mostly of the ethnic-minorities in Istanbul. With the deterioration of the Ottoman Empires' financial situation after the Crimean war, the Empire needed external financial support. It was during this period when representatives of several foreign banks came to Istanbul with the purpose of extending credits to the Empire at high interest rates. The Ottoman Bank (Osmanli Bankasi) was established in 1856 with its head office in London and served as the Central Bank until the 1930s.

The Central Bank, founded in the early 1930s, has the usual central bank responsibilities, such as issuing banknotes, protecting the currency, and regulating the banking system and credit. The Central Bank also finances the government's budget deficits and makes loans to public and private banks. But after 1983 the Central Bank began to reduce lending and stepped up its supervisory functions.

Before 1980 there were only 4 foreign banks in Turkey, but their number grew rapidly during the 1980s as the Turgut Ozal government liberalized conditions and today there are almost 50 of them. During these years a series of reforms were adopted to promote financial market development; interest and foreign exchange rates were liberalized, new entrants to the banking system were permitted and foreign banks were encouraged to operate in Turkey.

All banks in Turkey are subject to the Banks Act and to the provisions of other laws regarding to banks. The new Law brought the Banking Regulation and Supervision Agency (BRSA, or Turkish BDDK) into life to safeguard the rights and benefits of depositors. The Banks Association of Turkey (BAT, or Turkish TBB) is the representative body of the banking sector in Turkey established for protecting and promoting the professional interests of its members.

As of January 2011, there are a total of 45 banks operating with 9441 branches in Turkey and 63 branches abroad
 

 

Links / LOCAL LINKS

GOVERMENTAL INSTITUTIONS AND ORGANIZATIONS Prime Ministry National Intelligence Organization Turkish Competition Authority Capital Markets Board of Turkey Republic of Turkey, Ministry of Foreign Affairs Republic of Turkey Prime Ministry, Privatization Administration Republic of Turkey, Prime Ministry State Institute of Statistics (SIS) Turkish Court of Accounts Republic of Turkey, Ministry of Culture The Grand National Assembly of Turkey T.R. Prime Ministry State Planning Organisation Republic of Turkey, Ministry of Agriculture and Rural Affairs Republic of Turkey Prime Ministry, Undersecretariat of Foreign Trade The Scientific and Technical Research Council of Turkey Istanbul Stock Exchange Central Bank of The Republic of Turkey Istanbul Gold Exchange Ministry of Tourism Office of the Prime Minister, Directorate General of Press and Information Republic of Turkey Prime Ministry, Turkish Treasury The Republic of Turkey, Ministry of Justice, General Directorate of Criminal Registration and Statistics   LIBRARIES Bilkent University Library Koç University Library Bogaziçi University Library National Library of Turkey Istanbul Tech. Univ. Library Middle East Tech. Univ. Library OTHERS The Banks Association of Turkey Interbank Card Center Credit Bureau of Turkey

Bank Holidays in Turkey

January- Saturday 1 January- Sunday 1 January- Tuesday 1 January- Wednesday 1 January- Thursday New Year
5 November- Saturday 24 October- Wednesday 14 October- Monday 3 October- Friday 22 September- Tuesday
(starting at 1.00 p.m.) (starting at 1.00 p.m.) (starting at 1.00 p.m.) (starting at 1.00 p.m.) (starting at 1.00 p.m.)
6 November- Sunday 25 October- Thursday 15 October- Tuesday 4 October- Saturday 23 September- WednesdaReligious Holiday
7 November- Monday 26 October- Friday 16 October- Wednesday 5 October- Sunday 24 September- Thursday
8 November- Tuesday 27 October- Saturday 17 October- Thursday 6 October- Monday 25 September- Friday
9 November- Wednesday 28 October- Sunday 18 October- Friday 7 October- Tuesday 26 September- Saturday
29 August- Monday 18 August- Saturday 7 August- Wednesday 27 July- Sunday 16 July- Thursday
(starting at 1.00 p.m.) (starting at 1.00 p.m.) (starting at 1.00 p.m.) (starting at 1.00 p.m.) (starting at 1.00 p.m.)
30 August- Tuesday 19 August- Sunday 8 August- Thursday 28 July- Monday 17 July- Friday Religious Holiday
31 August- Wednesday 20 August- Monday 9 August- Friday 29 July- Tuesday 18 July- Saturday
1 September- Thursday 21 August- Tuesday 10 August- Saturday 30 July- Wednesday 19 July- Sunday
23 April- Saturday 23 April- Monday 23 April- Tuesday 23 April- Wednesday 23 April- Thursday National Sovereignty and Children’s Day
1 May- Sunday 1 May- Tuesday 1 May- Wednesday 1 May- Thursday 1 May- Friday Labor and Solidarity Day
19 May-Thursday 19 May- Saturday 19 May- Sunday 19 May- Monday 19 May- Tuesday Atatürk Memorial and Youth and Sports Day
30 August- Tuesday 30 August- Thursday 30 August- Friday 30 August- Saturday 30 August- Sunday Victory Day
28 October- Friday 28 October- Sunday 28 October- Monday 28 October- Tuesday 28 October- Wednesday
(starting at 1.00 p.m.) (starting at 1.00 p.m.) (starting at 1.00 p.m.) (starting at 1.00 p.m.) (starting at 1.00 p.m.) Republic Day
29 October- Saturday 29 October- Monday 29 October- Tuesday 29 October- Wednesday 29 October- Thursday

Related:

Deposit insurance in Turkey

List of World Wide Banking Directory