Türkiye İş Bankası A.Ş. In short, İşbank is the largest private bank in Turkey that offers retail and commercial banking services. Established in 1924 by the order of Mustafa Kemal Atatürk, İşbank was the first national bank of the republican era. Reaching an asset size of TL 926.6 billion in 2021, the bank is the 181st largest bank in the world in terms of Tier 1 capital, according to the ranking announced by The Banker magazine. As of December 2021, 1,195 branches, and 6,476 ATMs, 21 of which are abroad, and İşbank, which has more than 22 thousand employees, also has İşbank AG in Germany and İşbank Georgia A.Ş. and İşbank A.Ş.  Russia. 

Bank History

The inception of the country’s first truly national bank following the promulgation of the Republic dates back to 26 August 1924, mandated by Atatürk, consequent to the First Economy Congress in İzmir. Isbank has begun to operate with two branches and 37 staff under the leadership of Celal Bayar, the first General Manager to run the bank.

The Grand Victory which preceded the proclamation of the Republic of turkey order entailed a period during which resolutions to the state’s economic and social problems were sought. There was a growing and deeply rooted sentiment signaling the need for a truly national establishment and the birth of a banking system that was capable of the financing means to back up economic activities, managing funds accumulated as a result of policies providing savings incentives and where necessary extending resources which could trigger industrial impetus.

Türkiye İş Bankası developed in a short time. It has become the first institution that the public gives priority to when investing their savings and businessmen apply when looking for a loan. In the money and credit market, foreign financial intermediaries gained dominance over banks. It made the people accustomed to banks. He brought national banking to the country. He also played an important role in the birth and development of new credit institutions. In the early years of the Republic, it encouraged and patronized small savings, which was very important. He founded companies in the field of industry and insurance and invested money in subsidiaries. Established Cam Şişe ve Sanayii in accordance with the First Industry Plan; Together with Sümerbank, he established the Malatya Cloth Factory; He contributed to the establishment of Isparta Rose Oil Facilities. He invested capital in some banks that were established before and that will be established later. Türkiye İş Bankası made important contributions to the development of the Turkish economy.


In the second quarter of 2022, İşbank achieved a net profit of 14.54 billion TL, above the market expectation of 14.2 billion TL. Thus, the bank ended the first half of the year with a net profit of TL 22.97 billion. In the first half of last year, the bank’s profit was TL 4.05 billion.

In the second quarter of the year, İşbank increased its interest income more than doubling to 29 billion 211 million TL compared to the previous year. While the bank’s interest expenses were 10 billion 286 million TL in this period, its net interest income increased to 18 billion 925 million TL. Thus, while the net interest income of the company increased to 32 billion 629 million TL in the first half of the year, this figure was 12 billion 721 million TL in the same period of the previous year. The net fee and commission income of the bank increased by almost 2 times compared to the same quarter of the previous year and reached 3 billion 848 million TL.

In the second quarter of the year, İşbank’s cash loans (excluding non-performing loans) amounted to 632.6 billion TL, while its non-cash loans amounted to 223.9 billion TL; The share of commercial loans in cash loans was 79.4 percent. In the same period, the non-performing loan ratio of the bank was 3 percent.

The equity size of the bank reached TL 124.8 billion

The deposit item of the bank, which increased by 23.8 percent compared to the end of the year and reached the level of 737.2 billion TL, continued to occupy an important place in the resource structure with 64.3 percent. In the same period, the share of the bank’s demand deposits in total deposits was 48.7 percent. The issued securities item was at the level of 26.5 billion TL. As of the end of the period, İşbank’s asset size reached TL 1.15 trillion and its shareholders’ equity reached TL 124.8 billion, with a profit of TL 23 billion and a capital adequacy ratio of 20.91 percent.