{{Infobox company
- name = Türkiye İş Bankası A.Ş.
- logo = Türkiye İş Bankası logo.svg
- logo_size = 250px
- image = İş Bank Tower.jpg
- image_size = 265px
- image_caption = İşbank Tower in Levent, İstanbul
- type = Anonim Şirket
- traded_as = {{IMKB|ISATR}} {{IMKB|ISBTR}} {{IMKB|ISCTR}} {{LSE|TIBD}}
- foundation = {{start date and age|1924|08|26}}
- founder = Mustafa Kemal Atatürk
- location_city = İşbank Towers, Levent, Istanbul, Turkey
- locations = 1,195 branches (1,174 domestic; 21 abroad) (2021){{sfn|İşbank Annual Report|2019|p=2}}
- area_served = Worldwide
- industry = Finance and insurance
- products = Financial services, credit cards, consumer banking, corporate banking, investment banking, mortgage loans, private banking
- key_people = {{ubl|Adnan Bali (Chairman)|Hakan Aran (CEO)}}
- revenue = {{Increase}} US$18.27 billion (2024){{sfn|İşbank Annual Report|2024|p=125}}
- operating_income = {{Increase}} US$1.88 billion (2024){{sfn|İşbank Annual Report|2024|p=125}}
- net_income = {{Increase}} US$1.94 billion (2024){{sfn|İşbank Annual Report|2024|p=125}}
- assets = {{Increase}} US$111.88 billion(2024){{sfn|İşbank Annual Report|2024|p=5}}
- equity = {{Increase}} US$10.80 billion (2024){{sfn|İşbank Annual Report|2024|p=5}}
- num_employees = 21,167 (2023){{sfn|İşbank Annual Report|2023|p=2}}
- subsid = 109 subsidiaries,{{sfn|İşBank Annual Report|2015|p=4}} including {{ Collapsible list
- Anadolu Sigorta Anadolu Hayat Emeklilik Maximum Kart Milli Re {{cite we[1]
History
Following the culmination of World War I in 1918 and the subsequent dissolution of the Ottoman Empire in 1922, Turkey was declared a republic with Mustafa Kemal Atatürk as the president. Atatürk acknowledged the government’s need for a national financial institution to rebuild Turkey's economy following the debacle of the war. İşbank was founded on 26 August 1924 at the First Economy Congress in İzmir. and[5]
Işbank’s shares are listed on Borsa Istanbul and its depository receipts are traded on London Stock Exchange as GDR (REG S).
International
İşbank's international network comprises 14 branches in the Turkish Republic of Northern Cyprus, two branches in Iraq, Kosovo and the United Kingdom respectively, one branch in Bahrain and one representative office in both Cairo and Shanghai. İşbank's German banking subsidiary (İşbank AG ) has 9 branches in Germany and one branch in the Netherlands. İşbank's Russian banking subsidiary (JSC İşbank) has one branch and two representative offices in Russia. There is also a subsidiary in Georgia (JSC İşbank Georgia) with branches in Tbilisi and Batumi.
See also
- İşbank Museum Ankara
- İşbank Museum İstanbul
- List of companies of Turkey
- List of banks in Turkey
Sources
References
- Şişecam Privia Maximiles İş Yatırım İş Leasing İş Factoring Camİş İşnet Softtech Türkiye İş Bankası Kültür Yayınları}} Moody's: B1 Fitch: BB- }} İşbank, officially Türkiye İş Bankası, is a commercial bank in Turkey. Founded by the orders of Mustafa Kemal Atatürk in 1924, it is the first bank to go into operation in the Republic of Türkiye. As of a late 2023 report, the bank operates with 1,066 branches domestically, giving it one of the largest branch networks in Turkey. İşbank also has 22 branches across 11 countries. The bank provides services to 24.3 million customers as of 2023. Pramod Kumar. Turkey's largest privately owned bank to expand to UK and EU AGBI, 2024-08-28, retrieved 2024-10-23^
- Atatürk appointed Celâl Bayar, his close aide and then the Minister of Exchange Construction and Settlement, as the president of the newly formed bank. İşbank began operations with two branches and 37 staff under the leadership of Celâl Bayar, its first general manager. The bank was established with a capital of 1,000,000 TL of which 250,000 TL was covered by Atatürk himself, and the rest by private investors. Kocabaşoğlu, s. 698-700.^
- Established to utilize the smallest savings and transfer them to development, İşbank played a major role in the establishment and development of savings awareness in Turkish society, bringing the first piggy banks to Turkey in 1928. Milliyet, 18 Eylül 1928.^
- —^
- Turkey's Erdogan to move CHP's Isbank stake to Treasury Reuters, 2019-02-05, retrieved 2024-09-04^