Which Bank is Good for Me ? | Banks in Turkey


Are you looking for banks in Turkey that offers the right facilities considering your investments? This post narrates the top 3 types of banks that assist you after company registration.  These are, Islamic, private, and government banks.

Top 3 Islamic Banks in Turkey

Islamic banking is all about the balance between prosperity and well-being. It is also officially named participation banks. Someone who wants to opt for company registration in Turkey can choose any of the following Islamic banks. These banks follow a tailor-made system for every intriguing step. Here’s a rundown of the top names of Islamic banks in Turkey:

Türkiye Finans Katilim Bankasi

Türkiye Finans Katılım Bankası was formed in 2005 with the collaboration of Anadolu Finans. This Islamic bank has investments in five countries. Currently, it controls the shareholder of the NCB or National Commercial Bank with 67.03 percent of shares.

Kuwait Turk Participation Bank

Another bank that has significant prominence amongst Islamic banks in Turkey is Kuwait Turkish Participation Bank owing to the Debt Capital Market Transactions.

Albaraka Türk Bank

Albaraka Türk Katılım Bankası is an interest-free banking institution established in 1984 in Istanbul, Turkey. Albaraka Türk is an organization that collects funds through current and participation accounts and reuses the funds in the domestic economy with services such as individual financing, corporate finance, financial leasing and project-based profit and loss sharing, as well as providing various financing and banking services with the application of interest-free banking. .

Albaraka Türk also provides services in retail and small business banking. As of the end of 2022, it was an international participation bank with 224 branches spread throughout the country and two branches abroad (Erbil, Baghdad) and a total of 226 branches.

Top 3 Private Banks in Turkey

Although the majority of its population is Muslim, Türkiye is a secular country. For this reason, most of the banks are private banks that work with the interest system. These banks are generally owned by large holdings in the country and are very reliable. Also, deposits state day

Turkiye İş Bankası

Türkiye İş Bankası A.Ş., or İşbank in short, is the largest private bank providing retail and commercial banking services in Turkey. Established in 1924 by the order of Mustafa Kemal Atatürk, İşbank was the first national bank of the republican era. Reaching an asset size of TL 926.6 billion in 2021, the bank is the world’s 181st largest bank in terms of Tier 1 capital, according to the ranking announced by The Banker magazine. As of December 2021, İşbank has 1,195 branches, 21 of which are abroad, 6,476 ATMs and more than 22 thousand employees. In addition it has three subsidiaries, İşbank AG in Germany and İşbank Georgia A.Ş. and İşbank A.Ş. in Russia.

Garanti BBVA

Garanti BBVA (formerly Garanti Bank) is a privately owned bank established in Ankara in 1946. As of September 30, 2014, it is the second largest private bank in Turkey with its consolidated assets reaching USD 107 billion.


It operates in all business lines of the banking industry, including corporate, commercial, SME, payment systems, private, retail and investment banking. Garanti BBVA also provides integrated financial services through its domestic and international partnerships.

Yapi Kredi Bankasi

Yapı ve Kredi Bankası, or Yapı Kredi for short, is the first private bank of Turkey, founded by Kazım Taşkent in Istanbul in 1944.


As of 2021, it has 804 branches and 15,500 employees. Yapı Kredi is the third largest private bank in Turkey with a total asset size of TL 780.8 billion in 2021.[5]

20.22% of the Bank’s shares are owned by Koç Holding A.Ş.[6][7], 40.95% of its shares are owned by Koç Financial Services (100% of the shares are owned by Koç Group). KFS) is owned. Koç Group’s total direct and indirect ownership rate in the Bank is 67.97%. 32.03% share is open to the public. The Bank’s publicly traded shares are traded on the Borsa Istanbul.[8] In 2023, Koç Holding announced that it sold its 6.8 percent share in Yapı Kredi for 6.8 billion liras.

Top-Notch Government Banks in Turkey

Get a detailed understanding of the top government banks that can help you for commercial options after company registration in Turkey:


Vakifbank, aka Turkey Vakiflar Bankası, was established by Adnan Menderes in 1954. The bank has branches in Germany, Austria, the United States of America, Iraq, Bahrain and Cyprus. If a foreigner or investor plans for company registration Turkey, Vakifbank has a wide range of facilities available.

Ziraat Bankasi

The most popular government bank in Turkey, Ziraat Bank, has been operating since 1863. Being the first Turkish bank, it can offer interest rates at lower rates when compared to private banks.

  • Overdraft Facility: Flexibility for unforeseen business conditions
  • Commercial Loans: Credit solutions for the companies
  • Trade Solutions: Financing International Trade

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It is one of the oldest Turkish banks, established in 1863. Previously, it supported farmers by offering charitable funds to improve agriculture businesses. Today, this bank offers immense flexibility with financial transactions. Foreigners and investors who want to choose a company registration service can open accounts seamlessly.


Ever since 1938, Halkbank had its objectives intact. It has constantly offered loans and other important facilities to industrialists and merchants who owned medium and small businesses. Today, it has become one of the most significant banks in the whole world. It also aims to assist foreigners and investors for corporate bank accounts after registering a company in Turkey.


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