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Economy and Banking Sector of Turkey

Major Banks of Turkey

Rank
1
Total Assets
649.76 bln TRL  (+20.96%)
Market Share
15.46 %
Rank
2
Total Assets
468.06 bln TRL  (+12.41%)
Market Share
11.14 %
Rank
3
Total Assets
457.05 bln TRL  (+20.78%)
Market Share
10.88 %
Rank
4
Total Assets
419.43 bln TRL  (+26.58%)
Market Share
9.98 %
Rank
5
Total Assets
391.15 bln TRL  (+8.81%)
Market Share
9.31 %
Rank
6
Total Assets
387.50 bln TRL  (+11.34%)
Market Share
9.22 %
Rank
7
Total Assets
360.50 bln TRL  (+10.03%)
Market Share
8.58 %

#1: T.C. ZİRAAT BANKASI A.Ş.

Ziraat Bank is a Turkish universal bank, prodiving retail, private, corporate and invesment banking products and services to domestic and international clients (private individuals, SMEs and companies).

Services
retail banking
SME banking
corporate banking
Products
current accounts
debit cards
credit cards
time deposit accounts
gold deposit accounts
overdraft accounts
consumer loans
car loans
mortgage loans
debt financing loans
pension accounts
trading accounts
investment funds

T.C. ZİRAAT BANKASI A.Ş. is the 1st largest bank in Turkey in terms of total assets. In 2019 its total assets were 649,76 bln TRL, providing the bank with the market share of 15.46%. In 2018 the bank's net income was 7 960,94 mln TRL.

T.C. ZİRAAT BANKASI A.Ş. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is B+ (highly speculative). Long-term credit rating assigned to the bank by Moody's is B1 (highly speculative). T.C. ZİRAAT BANKASI A.Ş. participates in the deposit guarantee scheme of Turkey. This scheme covers accounts up to 100,000 TRL per bank per depositor.

#2: 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.

Services
retail banking
SME banking
corporate banking
private banking
Products
current accounts
debit cards
savings accounts
time deposit accounts
consumer loans
car loans
mortgage loans
pension accounts
investment funds
mutual funds

TÜRKİYE İŞ BANKASI A.Ş. is the 2nd largest bank in Turkey in terms of total assets. In 2019 its total assets were 468,06 bln TRL, providing the bank with the market share of 11.14%. In 2018 the bank's net income was 6 769,09 mln TRL.

TÜRKİYE İŞ BANKASI A.Ş. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is B+ (highly speculative). Long-term credit rating assigned to the bank by Moody's is B2 (highly speculative). TÜRKİYE İŞ BANKASI A.Ş. participates in the deposit guarantee scheme of Turkey. This scheme covers accounts up to 100,000 TRL per bank per depositor.

#3: TÜRKİYE HALK BANKASI A.Ş.

Established in 1933, Türkiye Halk Bankasi (Halkbank) is a universal bank providing a broad range of retail, corporate banking products and services to private individuals, SMEs and companies. Halkbank is focused on providing financial solutions to Turkish tradesmen, artisans, SMEs and entrepreneurs.

TÜRKİYE HALK BANKASI A.Ş. is the 3rd largest bank in Turkey in terms of total assets. In 2019 its total assets were 457,05 bln TRL, providing the bank with the market share of 10.88%. In 2018 the bank's net income was 2 521,80 mln TRL.

TÜRKİYE HALK BANKASI A.Ş. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is B (highly speculative). Long-term credit rating assigned to the bank by Moody's is B2 (highly speculative). TÜRKİYE HALK BANKASI A.Ş. participates in the deposit guarantee scheme of Turkey. This scheme covers accounts up to 100,000 TRL per bank per depositor.

#4: TÜRKİYE VAKIFLAR BANKASI T.A.O.

Founded in 1954, Türkiye Vakiflar Bankası (Vakifbank) is universal bank providing retail, private, corporate and investment banking products and services to individuals, SMEs, companies and institutions. Türkiye Vakiflar Bankası also offers expat and international banking.

TÜRKİYE VAKIFLAR BANKASI T.A.O. is the 4th largest bank in Turkey in terms of total assets. In 2019 its total assets were 419,43 bln TRL, providing the bank with the market share of 9.98%. In 2018 the bank's net income was 4 154,32 mln TRL.

TÜRKİYE VAKIFLAR BANKASI T.A.O. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is B+ (highly speculative). Long-term credit rating assigned to the bank by Moody's is B1 (highly speculative). TÜRKİYE VAKIFLAR BANKASI T.A.O. participates in the deposit guarantee scheme of Turkey. This scheme covers accounts up to 100,000 TRL per bank per depositor.

#5: TÜRKİYE GARANTİ BANKASI A.Ş.

Established in 1946, Garanti Bank a Turkish universal bank operating in corporate, retail, private and investment banking, and payment systems. Through its subsidiaries Garanti Bank offers pension and life insurance, leasing, factoring, brokerage, and asset management services.

Services
retail banking
SME banking
corporate banking
investment banking
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts
consumer loans
car loans
mortgage loans
overdraft accounts
pension accounts
investment funds
mutual funds

TÜRKİYE GARANTİ BANKASI A.Ş. is the 5th largest bank in Turkey in terms of total assets. In 2019 its total assets were 391,15 bln TRL, providing the bank with the market share of 9.31%. In 2018 the bank's net income was 6 638,24 mln TRL.

TÜRKİYE GARANTİ BANKASI A.Ş. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is B+ (highly speculative). Long-term credit rating assigned to the bank by Moody's is B1 (highly speculative). TÜRKİYE GARANTİ BANKASI A.Ş. participates in the deposit guarantee scheme of Turkey. This scheme covers accounts up to 100,000 TRL per bank per depositor.

#6: YAPI VE KREDİ BANKASI A.Ş.

Yapi Kredi is a Turkish universal bank, prodiving retail, private, corporate and invesment banking products and services to domestic and international clients (private individuals, SMEs and companies). Yapi Kredi also offers asset management, brokerage, leasing and factoring services.

Services
retail banking
SME banking
corporate banking
private banking
asset management
Products
current accounts
debit cards
credit cards
time deposit accounts
gold deposit accounts
consumer loans
car loans
mortgage loans
pension accounts
trading accounts
mutual funds

YAPI VE KREDİ BANKASI A.Ş. is the 6th largest bank in Turkey in terms of total assets. In 2019 its total assets were 387,50 bln TRL, providing the bank with the market share of 9.22%. In 2018 the bank's net income was 4 667,43 mln TRL.

YAPI VE KREDİ BANKASI A.Ş. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is B+ (highly speculative). Long-term credit rating assigned to the bank by Moody's is B1 (highly speculative). YAPI VE KREDİ BANKASI A.Ş. participates in the deposit guarantee scheme of Turkey. This scheme covers accounts up to 100,000 TRL per bank per depositor.

#7: AKBANK T.A.Ş.

Akbank was founded in 1984 as a privately-owner bank providing financing to local cotton growers. In 1990 Akbank shares began trading on international markets. Nowadays Akbank’s provides products and services in consumer banking, commercial banking, SME banking, corporate banking, private banking, foreign currency exchange, money markets and securities trading, and international banking services.

Services
retail banking
corporate banking
SME banking
private banking
foreign currency exchange
money markets and securities trading
international banking
Products
current accounts
credit cards
savings accounts
time deposit accounts
consumer loans
mortgage loans

AKBANK T.A.Ş. is the 7th largest bank in Turkey in terms of total assets. In 2019 its total assets were 360,50 bln TRL, providing the bank with the market share of 8.58%. In 2018 the bank's net income was 5 689,64 mln TRL.

AKBANK T.A.Ş. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is B+ (highly speculative). Long-term credit rating assigned to the bank by Moody's is B1 (highly speculative). AKBANK T.A.Ş. participates in the deposit guarantee scheme of Turkey. This scheme covers accounts up to 100,000 TRL per bank per depositor.

See Also