This article I Will talk About the Best Turkish Bank and analyze the top financial institutions in Turkey based on their reliability, customer relations, digital innovation, and the variety of banking products offered by them.
If you are a local, investor, or an overseas customer, selecting a bank is crucial for everyone. Let’s navigate the best possibilities the banking industry in Turkey has to offer.
Key Points & Best Turkish Bank List
| Bank Name | Key Point |
|---|---|
| Garanti BBVA | Leading in digital banking with innovative mobile app and online services. |
| VakıfBank | Strong government support with wide-reaching branch network. |
| Ziraat Bank | Oldest and largest state-owned bank in Turkey, ideal for locals and farmers. |
| Yapı Kredi Bank | Pioneer in tech-driven banking with extensive ATM coverage. |
| Türk Ekonomi Bankası | Focus on SME and personal banking with excellent customer service. |
| QNB Finansbank | Backed by Qatar National Bank; strong in personal loans and credit services. |
| Halkbank | Trusted by small businesses and state employees; competitive loan rates. |
| DenizBank | Known for agricultural banking and innovative financial products. |
| Akbank | Top private bank with strong financial backing and award-winning services. |
9 Best Turkish Bank
1.Garanti BBVA
Since 1946, Garanti BBVA is recognized as one of the most trusted and the best banks in Turkey. Being a part of the BBVA Group, it provides an array of financial services like personal banking, loans, credit cards, and investments.
Garanti BBVA is a leader in digital innovation and banking services because of its award-winning mobile and online banking platforms.
The bank’s interest rates on savings and loans are also very competitive along with flexible terms that are customized to individual needs. It is renowed for its customer services, coverage of ATMs, and climate action maintaining its position as the go-to bank for both locals and expats.
| Feature | Details |
|---|---|
| Bank Name | Garanti BBVA |
| Founded | 1946 |
| Ownership | Subsidiary of BBVA (Banco Bilbao Vizcaya Argentaria) |
| Headquarters | Istanbul, Turkey |
| Core Services | Retail Banking, Loans, Credit Cards, Investment, Mobile Banking |
| Interest Benefits | Competitive rates on savings & personal loans |
| Digital Banking | Award-winning mobile and internet banking platforms |
| ATM/Branch Network | Extensive network across Turkey |
| Customer Focus | User-friendly services, strong support, and innovation |
2.VakifBank
VakıfBank, one of the most trusted state banks, was established in 1954. It is considered as one of the hallmark banks of Turkey due to its immense contribution towards the economic and infrastructural growth and development of the country.
Personal financing for individual clients, in the form of personal banking, loans, mortgages and even savings accounts where they can earn interest, are services offered by VakıfBank.
It has a well established ATM and banking facility network throughout Turkey, which adds to the convenience for clients.
Additionally, the digital services provided by the bank allow clients to perform transactions with extreme ease.
With its solid finances and being under government oversight, innovation and extensive trust mark it to be one of the leading banks of Turkey.
| Feature | Details |
|---|---|
| Bank Name | VakıfBank |
| Founded | January 11, 1954 |
| Ownership | Majority owned by Türkiye Wealth Fund (74.79% as of March 29, 2023) |
| Headquarters | Istanbul, Turkey |
| Core Services | Retail and corporate banking, loans, credit cards, investment services |
| Digital Banking | Advanced platforms including AI-powered assistant ‘ViBi’ and VAI Cognitive Services for enhanced customer experience |
| Branch/ATM Network | 963 branches and 4,093 ATMs across Turkey as of December 31, 2024 |
| International Presence | Branches in New York, Bahrain, Erbil, and Qatar; subsidiary in Austria with branches in Vienna and Cologne |
3.Ziraat Bank
Established in 1863, Ziraat Bank is the first of the state owned banks in turkey. Originally intended to aid farmers, it has transformed into a fully-fledged institution offering personal, commercial and agricultural services.
Its comprehensive range of savings, loan and mortgage products all have interest. Due to having over a thousand branches and ATMs, Ziraat has achieved a great deal of success in its retail and digital banking services.
Ziraat Bank offers the most unparalleled and customized financial products in Turkey due to its significant state support and lasting government aid, assuring them great financial strength. It is reliance is for families and corporations.
| Feature | Details |
|---|---|
| Bank Name | Ziraat Bank |
| Founded | 1863 |
| Ownership | State-owned, under the Turkey Wealth Fund |
| Headquarters | Ankara, Turkey |
| Core Services | Retail and corporate banking, agricultural loans, credit cards, investment services |
| Digital Banking | Comprehensive online and mobile banking platforms |
| Branch/ATM Network | Extensive network with over 1,700 branches worldwide |
| International Presence | Operations in 18 countries, including Germany, UK, and USA |
| Customer Focus | Strong emphasis on supporting agriculture and rural development |
4.Yapi Kredi Bank
Founded in 1944, Yapı Kredi Bank is one of the earliest examples of privately owned banks in Turkey and a leader in the country’s modern banking services.
It is widely regarded for innovation in the financial sector, as it provides personal loans, credit cards, savings accounts, and even investments with competitive interest rates.
In addition, the bank offers mobile and internet banking services which have won various awards, showcasing the bank’s strong digital capabilities.
Customers also have ease of access to an extensive network of the bank’s branches and ATMs located throughout Turkey.
Yapı Kredi’s customer approach, financial power combined with investment in technology are strong contributors to why it is considered the best bank in Turkey.
| Feature | Details |
|---|---|
| Bank Name | Yapı ve Kredi Bankası A.Ş. |
| Founded | 1944 |
| Ownership | Majority owned by Koç Group (Koç Holding A.Ş. directly owns 20.22%; Koç Financial Services, fully owned by Koç Group, owns 40.95%); 38.83% publicly traded on Borsa Istanbul |
| Headquarters | Istanbul, Turkey |
| Core Services | Retail and corporate banking, credit cards, loans, investment services, private banking |
| Digital Banking | Advanced online and mobile banking platforms |
| Branch/ATM Network | Extensive network with 846 branches (as of 2019) and numerous ATMs across Turkey |
| International Presence | Operations in several countries, including Germany and Azerbaijan |
5.Türk Ekonomi Bankası
As one of the early private banks in Turkey holding a strong partnership with BNP Paribas, Türk Ekonomi Bankası (TEB) has been founded in 1927.
TEB provides a wide range of financial services, from personal banking, to SME and wealth management, alongside offering competitive interest rates on loans, savings, and investments.
Thanks to TEB’s innovative services, clients enjoy industry’s leading customer service and advanced digital banking.
Due to their specialty in supporting entrepreneurs and small businesses with reliable online banking, TEB is recognized among the best forward-thinking banks in Turkey.
| Feature | Details |
|---|---|
| Bank Name | Türk Ekonomi Bankası A.Ş. (TEB) |
| Founded | 1927 |
| Ownership | Majority owned by TEB Holding A.Ş. (55%), with significant shares held by BNP Paribas Group companies |
| Headquarters | Istanbul, Turkey |
| Core Services | Retail, corporate, commercial, SME, treasury & capital markets, private banking; also offers leasing, factoring, insurance, and portfolio management through subsidiaries |
| Digital Banking | Offers mobile banking services through the CEPTETEB platform, launched in 2008 |
| Branch/ATM Network | Extensive network with branches and ATMs across Turkey |
| International Presence | Subsidiaries and operations in countries including the Netherlands and Kosovo |
6.QNB Finansbank
QNB Finansbank became part of Qatar National Bank (QNB) Group in 2016. Having been founded in 1987, it is one of the first private banks in Turkey. QNB Finansbank is revered for its digital services, allowing for seamless online banking.
The bank’s growth and innovation is quite remarkable as QNB Finansbank is now Turkey’s consolidator of net banking services.
The bank offers personal loans, credit cards, and even savings accounts which come with competitive interest rates and user-friendly digital platforms.
With a focus on financial technology, QNB Finansbank tailors solutions specifically aimed towards individual customers which has earned the bank a positive reputation.
| Feature | Details |
|---|---|
| Bank Name | QNB Finansbank |
| Founded | October 26, 1987 |
| Ownership | Wholly owned by Qatar National Bank (QNB) Group since June 2016 |
| Headquarters | Istanbul, Turkey |
| Core Services | Retail banking, corporate banking, investment banking, SME banking, consumer loans, deposit accounts, credit cards, insurance products, retirement plans |
| Digital Banking | Launched Enpara.com in October 2012, Turkey’s first digital bank without branches, offering services exclusively through digital channels |
| Branch/ATM Network | Extensive network with numerous branches and ATMs across Turkey |
| International Presence | Part of QNB Group’s international network, which has a presence in multiple countries across Africa, Asia, and Europe |
7.Halkbank
Halkbank is one of the pioneers among state banks in Turkey, which was established in 1938 to assist the SMEs and tradespeople.
Today, the bank provides a variety of products and services such as personal loans, credit cards, savings accounts, and even offers mortgages at competitive interest rates.
Furthermore, the bank has tailored financial solutions that provide strong support for SMEs and entrepreneurs.
Halkbank offers a range of services including a vast network of branches and ATMs across Turkey as well as digital banking which ensures convenience and reliability.
Due to government funding and the bank’s reputation, Halkbank has maintained its position as one of the leading banks in Turkey.
| Feature | Details |
|---|---|
| Bank Name | Türkiye Halk Bankası A.Ş. (Halkbank) |
| Founded | Established in 1933; began operations in 1938 |
| Ownership | Majority owned by Turkey Wealth Fund |
| Headquarters | Istanbul, Turkey |
| Core Services | Retail and corporate banking, SME financing, loans, credit cards, investment services |
| Digital Banking | Offers comprehensive digital services including Internet Banking, Mobile Banking, and Open Banking |
| Branch/ATM Network | Extensive network with over 1,000 branches and more than 4,000 ATMs across Turkey |
| International Presence | Branches in Turkish Republic of Northern Cyprus |
8.DenizBank
Turkey’s maritime industry gave rise to DenizBank in 1938. Today, it is one of the outstanding private banks in Turkey, offering a variety of advanced banking solutions.
Products offered by DenizBank include mortgage loans, personal loans, auto loans, credit cards as well as several deposit accounts and instruments.
Furthermore, DenizBank provides favorable interest rates for term deposits ranging from 1 day to 365 days.
In addition, the Bank pioneers advanced digital banking technologies, such as e-Deposit accounts for enhanced accessibility. DenizBank is one of the best banks in Turkey because of its numerous branches and unrivaled service quality.
| Feature | Details |
|---|---|
| Bank Name | DenizBank A.Ş. |
| Founded | 1938, as a state-owned bank to provide funding for the Turkish maritime sector |
| Ownership | Acquired by Emirates NBD in 2019 |
| Headquarters | Büyükdere Cad. No:141, Esentepe, Şişli, Istanbul, Turkey |
| Core Services | Retail banking, corporate banking, SME banking, agricultural banking, investment services |
| Digital Banking | Offers comprehensive digital services including Online Banking and MobilDeniz App |
| Branch/ATM Network | Extensive network with numerous branches and ATMs across Turkey |
| International Presence | Subsidiaries and operations in Austria, Germany, Russia, and Bahrain |
9.Akbank
Founded on January 30, 1948, in Adana, Turkey, Akbank’s initial purpose was to assist local cotton producers economically. It is now amongst the most privately owned reputed banks in Turkey.
Akbank has successfully integrated digital banking services into its operations and has an extensive market presence with many physical branches throughout Turkey.
It is widely used by customers looking for innovative services as it still offers some of the best interest rates on deposit accounts, flexible 1-60 month time deposits and a large portfolio of investment services, personal and corporate banking.
| Feature | Details |
|---|---|
| Bank Name | Akbank T.A.Ş. |
| Founded | January 30, 1948, in Adana, Turkey |
| Ownership | Privately owned; part of the Sabancı Group |
| Headquarters | Sabancı Center, 4.Levent, Istanbul, Turkey |
| Core Services | Corporate and investment banking, commercial banking, SME banking, consumer banking, payment systems, treasury transactions, private banking, and international banking services |
| Digital Banking | Offers comprehensive digital services through Akbank Internet and Akbank Mobile platforms |
| Branch/ATM Network | Operates over 800 branches and more than 4,000 ATMs across Turkey |
| International Presence | Subsidiary Akbank AG in Germany; branch in Malta |
Conclusion
In summary Ziraat Bank, Akbank, Garanti BBVA, and İşbank are prime examples of notable banks in Turkey, which as a country, has one of the strongest banking sectors. These banks have a good standing in terms of their services, digital advancement, and wide availability.
Personal needs, business ventures, or international undertakings—whatever it is, these banks have proven to be trustworthy and satisfactory on all levels- which is why they are recommended for people searching for the best bank in Turkey.