TÜRKİYE İŞ BANKASI A.Ş.

Isbank was founded in 1924. Isbank offers products and services in retail, SME and corporate banking as well as private banking.

Bank Category

Private Commercial Banks

Services

Retail Banking
SME Banking
Corporate Banking
Private Banking

Financials

Total Assets (2017)
362.35 bln TRL  (+16.28%)
Net Income (2017)
5 307.91 mln TRL  (+12.91%)

TÜRKİYE İŞ BANKASI A.Ş. is the 2nd largest bank in Turkey in terms of total assets. In 2017 its total assets were 362,35 bln TRL, providing the bank with the market share of 11.71%. In 2017 the bank's net income was 5 307,91 mln TRL.

TÜRKİYE İŞ BANKASI A.Ş. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BB+ (speculative). Long-term credit rating assigned to the bank by Moody's is Ba3 (non-investment grade speculative).

TÜRKİYE İŞ BANKASI A.Ş. participates in deposit guarantee scheme of Turkey. This scheme covers accounts up to 100 000 TRL per bank per depositor.

Contacts

İŞ KULELERİ 34330 LEVENT/İSTANBUL, Turkey
(212) 316 00 00
(212) 316 04 04

Bank Identifiers

BIC (SWIFT)
ISBKTRIS
Bank Sort Code
0064

Business Summary

Services
retail banking
SME banking
corporate banking
private banking

TÜRKİYE İŞ BANKASI A.Ş. provides products and services in the areas of retail banking, SME banking, corporate banking, private banking.

Financial Positions

Total Assets (2017)
362.35 bln TRL  (+16.28%)

In 2017 total assets of TÜRKİYE İŞ BANKASI A.Ş. were 362.35 bln TRL. Growth compared to the previous period (2016) was 16.28%. The evolution of the total assets of TÜRKİYE İŞ BANKASI A.Ş. is shown at Chart 1 below.

Total Assets of TÜRKİYE İŞ BANKASI A.Ş..

Chart 1. Total Assets of TÜRKİYE İŞ BANKASI A.Ş..

Profit and Loss

Net Income (2017)
5 307.91 mln TRL  (+12.91%)

In 2017 net income of TÜRKİYE İŞ BANKASI A.Ş. was 5 307.91 mln TRL. Growth compared to the previous period (2016) was 12.91%. The evolution of the net income of TÜRKİYE İŞ BANKASI A.Ş. is shown at Chart 2 below.

Net Income of TÜRKİYE İŞ BANKASI A.Ş..

Chart 2. Net Income of TÜRKİYE İŞ BANKASI A.Ş..

Market Share and Rank (among banks in Turkey)

Total Assets (2017)
2nd (market share 11.71%)

In 2017 TÜRKİYE İŞ BANKASI A.Ş. was ranked the 2nd largest bank in Turkey in terms of total assets, having 11.71% of the domestic market share.

Market share of TÜRKİYE İŞ BANKASI A.Ş. (among banks in Turkey)

Chart 3. Market share of TÜRKİYE İŞ BANKASI A.Ş. (among banks in Turkey)

Several banks having the market shares and ranks closest to TÜRKİYE İŞ BANKASI A.Ş. are shown below.

RankNameTotal AssetsMarket Share
1T.C. ZİRAAT BANKASI A.Ş.434274.51 mln TRL14.03%
2TÜRKİYE İŞ BANKASI A.Ş.362352.53 mln TRL11.71%
3TÜRKİYE GARANTİ BANKASI A.Ş.325232.27 mln TRL10.51%
 

Credit Ratings (as of May 2018)

Fitch Moody's
BB+ (speculative) Ba3 (non-investment grade speculative)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. TÜRKİYE İŞ BANKASI A.Ş. is rated by Fitch and Moody's.

Credit ratings assigned to TÜRKİYE İŞ BANKASI A.Ş. as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for TÜRKİYE İŞ BANKASI A.Ş. it is set to BB+ (speculative), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for TÜRKİYE İŞ BANKASI A.Ş. is set to B (speculative short-term credit quality).

Long-Term Issuer Default Rating  BB+
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  B
Viability Rating  bb+
Support Rating  4
Support Rating Floor  B+

Viability rating for TÜRKİYE İŞ BANKASI A.Ş. is set to bb+ (speculative fundamental credit quality); support rating is 4 (limited probability of support); support rating floor is B+ (highly speculative).

Moody's

Long-term rating for TÜRKİYE İŞ BANKASI A.Ş. it is set to Ba3 (non-investment grade speculative). Long-term bank deposit rating is Ba3 (non-investment grade speculative). Baseline credit assessment is ba3. Short-term rating is not assigned.

Long-Term Rating  Ba3
Long-Term Bank Deposit Rating  Ba3
Baseline Credit Assessment  ba3
Short-Term Rating  -
Outlook  negative

Outlook for the ratings of TÜRKİYE İŞ BANKASI A.Ş. is set to negative (may be lowered).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 TRL per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Turkey are obliged to participate in Turkish deposit guarantee scheme.

In the case of TÜRKİYE İŞ BANKASI A.Ş. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons
Covered Accounts  all cash deposit accounts, precious metals accounts
Maximum Protected Amount  100 000 TRL
Paid In Currency  TRL

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of TÜRKİYE İŞ BANKASI A.Ş. and its components are shown in the table below.

BIC  ISBKTRIS
Bank BIC Code  ISBK
Country Code  TR (Turkey)
Location Code  IS
Branch Code  -

Bank Sort Code

Bank Sort Code is a code that uniquely identifies a financial institution within a country. Bank sort codes are usually assigned by National Central Banks and differ from BIC codes.

Bank Sort Code  0064

European Presence: 5 banks in 5 countries

TÜRKİYE İŞ BANKASI A.Ş. operates under the brand name Turkiye Is Bankasi. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

France

Germany

Netherlands

Turkey

  • (this bank) TÜRKİYE İŞ BANKASI A.Ş. 

United Kingdom

Defunct Banks: 2 banks in 2 countries

The following banks operating under Turkiye Is Bankasi brand name has been recently closed down:

Bulgaria

Switzerland