Turkish Bank
Encyclopedia
Turkish Bank Group is a Bank
ing corporation established during 1901 as the Nicosia Savings Box in Cyprus
assisted businesses by providing capital and financial support for local tradesmen. Supervised by the custodian Hacı İbrahim Efendi and led by an established businessman of the area Mufti Hafiz Ziyai Efendi.
By 1925 it had been turned into a savings bank
, and by 1974 (as Türk Bankası Ltd./Turkish Bank Ltd.) established branches in other parts of Europe
- including Haringay, London
(home to a large Cypriot community).
Then in 1982, it opened its first branches on mainland Turkey
, and in 1993 it issued its first credit card
s.
It now trades under several names:
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 was 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 has finally came up to 80 million TRY.
In 2004 Levent; in 2005 Abdi İpekçi Private Banking; in 2006 Bayrampaşa, Megacenter, Adapazarı branches; in 2007 Pangaltı, Antalya, Başkent, Ostim and Eskişehir; in 2008 İkitelli, Pendik, İstanbul Corporate and İzmir Passport branches were opened. With these new openings, Turkish Bank is at your service in 25 different locations.
Turkish Bank is known in Turkey as being one of the most liquid banks.
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
ing corporation established during 1901 as the Nicosia Savings Box in Cyprus
Cyprus
Cyprus , officially the Republic of Cyprus , is a Eurasian island country, member of the European Union, in the Eastern Mediterranean, east of Greece, south of Turkey, west of Syria and north of Egypt. It is the third largest island in the Mediterranean Sea.The earliest known human activity on the...
assisted businesses by providing capital and financial support for local tradesmen. Supervised by the custodian Hacı İbrahim Efendi and led by an established businessman of the area Mufti Hafiz Ziyai Efendi.
By 1925 it had been turned into a savings bank
Savings bank
A savings bank is a financial institution whose primary purpose is accepting savings deposits. It may also perform some other functions.In Europe, savings banks originated in the 19th or sometimes even the 18th century. Their original objective was to provide easily accessible savings products to...
, and by 1974 (as Türk Bankası Ltd./Turkish Bank Ltd.) established branches in other parts of Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
- including Haringay, London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
(home to a large Cypriot community).
Then in 1982, it opened its first branches on mainland Turkey
Turkey
Turkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...
, and in 1993 it issued its first credit card
Credit card
A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services...
s.
It now trades under several names:
- Turkish Bank A.Ş. as a Private bankPrivate bankPrivate banks are banks that are not incorporated. A private bank is owned by either an individual or a general partner with limited partner...
- alongside Turkish Yatırım A.Ş as an investment brokerBrokerA broker is a party that arranges transactions between a buyer and a seller, and gets 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...
age service. - Allied Turkish Bank as an Offshore bankOffshore bankAn offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction that provides financial and legal advantages. These advantages typically include:...
in CyprusCyprusCyprus , officially the Republic of Cyprus , is a Eurasian island country, member of the European Union, in the Eastern Mediterranean, east of Greece, south of Turkey, west of Syria and north of Egypt. It is the third largest island in the Mediterranean Sea.The earliest known human activity on the... - Türk Bankası Ltd. as a Retail bank(19 branches) in North CyprusCyprusCyprus , officially the Republic of Cyprus , is a Eurasian island country, member of the European Union, in the Eastern Mediterranean, east of Greece, south of Turkey, west of Syria and north of Egypt. It is the third largest island in the Mediterranean Sea.The earliest known human activity on the...
- Turkish Bank (UK) Ltd. in UKUnited KingdomThe United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
- Turkish Factoring (Turkey) as a FactoringFactoringFactoring can refer to the following:* A form of commercial finance - see factoring ; structured settlement factoring transaction* Factorization, a mathematical concept* Factoring a design, as in code refactoring...
company - Turkish Leasing (Turkey) as a LeasingLeasingLeasing is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductible payments....
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 was 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 has finally came up to 80 million TRY.
In 2004 Levent; in 2005 Abdi İpekçi Private Banking; in 2006 Bayrampaşa, Megacenter, Adapazarı branches; in 2007 Pangaltı, Antalya, Başkent, Ostim and Eskişehir; in 2008 İkitelli, Pendik, İstanbul Corporate and İzmir Passport branches were opened. With these new openings, Turkish Bank is at your service in 25 different locations.
Turkish Bank is known in Turkey as being one of the most liquid banks.