Banking in Turkey

Banking in Turkey is an important aspect of the financial system Turkey's dynamic economy. Banks handle the majority of money and capital market transactions and activity. Commercial banks make up the majority of Turkey's financial sector, accounting for 91 percent of overall financial sector assets as of 2020.^[1]

The beginnings of the banking industry can be traced to the 19th century with Galata bankers creating the first Ottoman bank. As of January 2021, there are a total of 48 banks operating with 9,880 branches in Turkey and 71 branches abroad.^[2] The total value of assets of the banking sector in Turkey amounted to more than $800 billion.^[3]

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^ "Leading banks turkey by total assets 2020". Statista. Retrieved 23 March 2022.

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[3] "Leading banks turkey by total assets 2020". Statista. Retrieved 23 March 2022.

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Banking in Turkey

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