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ISBANK in Turkey

98 Years of Experience

The Bank was established in 1924 at the initiative of Mustafa Kemal Atatürk, the founder of modern Turkey. Since 1924 to date TİBAŞ (Türkiye İş Bankası A.Ş.) has been creating value for the Turkish economy and the stakeholders. For its customers, TİBAŞ provides full range of banking services, including corporate, commercial, retail and private banking.

Turkey’s Largest Private Bank

As of December 31, 2021, TİBAŞ had total assets of TRY 1.124 billion.

Strong Capital Base

The shareholders’ equity of TİBAŞ reached TL 96 billion while maintaining its solid capitalization, TİBAŞ’s capital adequacy ratio stood at 18,69%.

Extensive Distribution Network along with Digital Channels

TİBAŞ also has the largest network among Turkish private banks with its 1,153 domestic branches and 21 foreign branches and 6,228 ATMs; as well as its digital channels including its mobile and internet banking. Furthermore, TİBAŞ has 3 wholly owned subsidiaries abroad ((Isbank AG, which is headquartered and has 9 branches in Germany (including Amsterdam branch); Isbank Russia, which is headquartered and has 1 branch and 2 representattive offices in Russia and Isbank Georgia which is headquartered and has 2 branches in Georgia) and representative offices in Shanghai/China and Cairo/Egypt.

A Pioneering Institution in Turkish Banking Sector

The Bank has long been an innovator in the banking sector, including being the first bank in Turkey to introduce ATMs (in 1982), electronic banking (in 1983), interactive telephone banking (in 1991), interactive banking (in 1996) and internet banking (in 1997). The Bank’s ATM named “Bankamatik” has become the generic name for all ATMs in Turkey. The Bank continued to innovate the development of digital banking channels in the Turkish banking industry in 2007 with the launch of “İşCep”, which was the first application-based mobile banking service in Turkey. Recently, more than 85% of the Bank’s total comparable banking transactions carry through non-branch channels, including mobile and internet banking.