Turkish Bank Group is a

bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

ing corporation established in 1901 as the ''Nicosia Savings Box'' in

Cyprus Cyprus (), officially the Republic of Cyprus, is an island country in the eastern Mediterranean Sea. Situated in West Asia, its cultural identity and geopolitical orientation are overwhelmingly Southeast European. Cyprus is the List of isl ...

to assist businesses by providing capital and financial support for local tradesmen. By 1925 it had been turned into a

savings bank A savings bank is a financial institution that is not run on a profit-maximizing basis, and whose original or primary purpose is collecting deposits on savings accounts that are invested on a low-risk basis and receive interest. Savings banks ha ...

, and by 1974 (as ''Türk Bankası Ltd./Turkish Bank Ltd.'') established branches in

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

. As of 2013, the bank is operating with branches in Haringay,

Dalston Dalston () is an area of East London, in the London Borough of Hackney. It is northeast of Charing Cross. Dalston began as a hamlet on either side of Dalston Lane, and as the area urbanised the term also came to apply to surrounding areas i ...

Edmonton Edmonton is the capital city of the Provinces and territories of Canada, Canadian province of Alberta. It is situated on the North Saskatchewan River and is the centre of the Edmonton Metropolitan Region, which is surrounded by Central Alberta ...

Lewisham Lewisham ( ) is an area of southeast London, England, south of Charing Cross. It is the principal area of the London Borough of Lewisham, and was within the Historic counties of England, historic county of Kent until 1889. It is identified in ...

and

Palmers Green Palmers Green is a suburban area and electoral ward in north London, England, within the London Borough of Enfield. It is located within the N13 postcode district, around north of Charing Cross. It is home to the largest population of Greek Cy ...

, along with headquarters and main branch located on

Borough High Street Borough High Street is a road in Southwark, London, running south-west from London Bridge, forming part of the A3 road, A3 route which runs from London to Portsmouth, on the south coast of England. Overview Borough High Street continues sout ...

near

London Bridge The name "London Bridge" refers to several historic crossings that have spanned the River Thames between the City of London and Southwark in central London since Roman Britain, Roman times. The current crossing, which opened to traffic in 197 ...

. Then in 1982, it opened its first branches on mainland

Turkey Turkey, officially the Republic of Türkiye, is a country mainly located in Anatolia in West Asia, with a relatively small part called East Thrace in Southeast Europe. It borders the Black Sea to the north; Georgia (country), Georgia, Armen ...

, and in 1993 it issued its first credit cards. It now operates under several names: *''Turkish Bank A.Ş.'' as a

private bank Private banks are banks owned by either the individual or a general partner(s) with limited partner(s). Private banks are not incorporated. In any such case, creditors can look to both the "entirety of the bank's assets" as well as the entire ...

- alongside ''Turkish Yatırım A.Ş'' as an investment

broker A broker is a person or entity that arranges transactions between a buyer and a seller. This may be done for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither ...

age service. *''Allied Turkish Bank'' as an

offshore bank An offshore bank is a bank that is operated and regulated under international banking license (often called offshore license), which usually prohibits the bank from establishing any business activities in the jurisdiction of establishment. Due to ...

Northern Cyprus Northern Cyprus, officially the Turkish Republic of Northern Cyprus (TRNC), is a ''de facto'' state that comprises the northeastern portion of the Geography of Cyprus, island of Cyprus. It is List of states with limited recognition, recognis ...

*''Türk Bankası Ltd.'' as a

retail bank Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate ba ...

(19 branches) in

*''Turkish Bank (UK) Ltd.'' in the UK *''Turkish Factoring (Turkey)'' as a factoring company *''Turkish Leasing (Turkey)'' as a

leasing A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial ...

company Turkish Bank Group established its presence in Turkey by opening a branch of Turk Bankası Ltd. In Istanbul in 1982. In 1988, a second branch in Izmir became operational. Next year, two more branches in Mersin and Ankara followed suit. Turkish operations of the group were reorganized under a new separate entity when Turkish Bank A.Ş. was formed as an incorporated company at the end of 1991. In January 2008, paid-up capital reached 80 million

Turkish lira The lira (; Currency sign, sign: Turkish lira sign, ₺; ISO 4217, ISO 4217 code: TRY; abbreviation: TL) is the official currency of Turkey. It is also legal tender in the ''de facto'' state of the Turkish Republic of Northern Cyprus. One lira i ...

. In 2004 Levent; in 2005 Abdi İpekçi Private Banking; in 2006 Bayrampaşa, Adapazarı branches; in 2007 Pangaltı, Antalya, Ostim and Eskişehir; in 2008 Pendik and İstanbul corporate branches were opened. Currently, Turkish Bank has 19 locations within Turkey. Turkish Bank is known in Turkey as being one of the most liquid banks. Turkish Bank successfully becoming an independent member of the major UK payments schemes such as Bacs and

Faster Payments The Faster Payments Service (FPS) is a United Kingdom real-time gross settlement system which facilitates transfers between different banks' customer accounts within a few seconds. The system offers faster settlement times than the long-establi ...

. Another development was Türk Bankası Ltd., the group's Cypriot bank, signing a €5 million

trade facilitation Trade facilitation looks at how procedures and Trade restriction, controls governing the movement of goods International trade, across national borders can be improved to reduce associated Cost, cost burdens and maximise efficiency while safegua ...

programme with the

European Bank for Reconstruction and Development The European Bank for Reconstruction and Development, shortened to EBRD ( French: ''Banque européenne pour la reconstruction et le développement'' or ''BERD''), is an international financial institution founded in 1991 in Paris. As a multilat ...

(EBRD).

External links

Official SiteTurkish Bank A.Ş websiteTurkish Bank (UK) Ltd websiteTürk Bankası Ltd. websiteTurkish Invest/Yatırım websiteTurkish Invest/Yatırım website

Turkish Leasing website

Turkish Factoring website

Allied Turkish Bank IBU website
Banks of Turkey Companies based in Istanbul Banks of Northern Cyprus Banks established in 1901 Turkish brands 1901 establishments in Cyprus {{Turkey-company-stub