Top Largest Banks in Turkey

The top largest banks of Turkey include Isbank, Garanti Bank, Akbank, Yapı Kredi, among others.

Isbank is Turkey's premiere national financial institution, ranked 102nd in the “Top 1000 World Banks” survey of Financial Times' The Banker and 371st in the Forbes Global 2000 lists as of 2008. The Bank's market capitalization valued at TL 17,912,175 thousand by the end of September 2009 which is the fourth one among private corporations in Turkey. Isbank was the first in the industry to coin a generic name for teller machines.

Akbank is the largest Turkish bank by market capitalization. The bank conducts overseas operations through its subsidiaries in the Netherlands (Akbank NV), Germany (Akbank AG) and Dubai (Akbank Dubai Limited) along with a branch in Malta. The bank has won many awards. Global Finance selected Akbank as the Best Bank in Turkey for 2009 due to its successful performance on the basis of the above mentioned criteria. The American Turkish Council (ATC) and the Turkish American Business Council (TAIK) presented Akbank with the “Commercial Leadership Award”.

Garanti Bank is the second biggest private bank in Turkey with USD $78 billion in assets as of 31 December 2009. It has a presence in all business lines including corporate, private, commercial, SME, retail and investment banking.

Yapı Kredi is Turkey’s first privately-owned bank with a nationwide presence. It is the fourth largest private bank with total assets of TL 71.7 billion as of the end of 2009. Yapı Kredi holds leading positions in factoring, leasing, asset management, brokerage services, private pension funds, and life and non-life insurance. The Bank's shares are listed on the Istanbul Stock Exchange and Global Depository Receipts that represent the Bank's shares are quoted on the London Stock Exchange.

* Next: Stock Brokers in Turkey