Ižbank, Officially Known As Türkiye-Bankasä (English: Türkiye Business/Work Bank Of Türkiye), Is A Commercial Bank In Turkey. As Of December 31, 2021, It Is The Largest Private Bank In The Country In Terms Of Total Assets, Total Loans, Deposits And Share Capital Size, As Well As Number Of Branches And Number Of Employees. It Is The First Bank Established In The Republic Of Turkey. Ižbank Is A Bank Offering Consumer Loans, Car Loans, Housing Loans And Commercial Loans. "Ižbank Was Ranked 2021 In The World Bank Top 1000 By The Banker 181". It Was Ranked 673 In The Forbes Global 2000 List 2021. The Company's Net Profit For 2021 Is 13.50 Billion Turkish Lira And Tier 1 Capital Is 90.20 Billion Turkish Lira (equivalent To US $6.90 Billion), As Defined By The Bank For International Settlements In Basel.
The Bank Operates 1,174 Branches Domestically, Making It One Of The Largest Branch Networks In Turkey. The Bank's International Network Includes 14 Branches In The Turkish Republic Of Northern Cyprus, Two Each In Iraq, Kosovo And The United Kingdom, One Each In Bahrain And One Representative Office Each In Cairo And Shanghai. The Deutsche Bank Subsidiary Of The Bank, Ižbank AG, Has Nine Branches In Germany And One In The Netherlands. The Russian Bank Subsidiary (JSC Šžbank) Of The IKB Has One Branch And Two Representative Offices In Russia. There Is Also A Subsidiary (JSC Šbank Georgia) In Georgia With Branches In Tbilisi And Batumi.
History
With The High Tide Of The First World War In 1918 And The Subsequent Disintegration Of The Ottoman Empire In 1922, Turkey Was Declared A Republic And Mustafa Kemar Ataturk Was Elected By The Parliament As The First President Of Turkey. Ataturk Soon Realized That After The Defeat Of The War, The Government Needed A National Financial Institutions Group To Rebuild The Economy Of Turkey. The First Truly National Bank Of The Republic Of Turkey Was Established On 26 August 1924 At The First Economic Congress In Izmir.
Ataturk Appointed His Close Aide, The Then Minister Of Foreign Exchange Construction And Settlement, Seral Bayar, As The President Of The Newly Formed Bank. The Bank Began Operations Under Its First General Manager, Selâl Bayar, With Two Branches And 37 Employees. The Bank's Capital Is 1 Million Turkish Lira, Of Which 250 '000 Turkish Lira Is Borne By Ataturk And The Rest By Private Investors. In 1927, The Capital Was Raised 2 Million Turkish Lira, So That It Could Be Merged With The National Credit Bank As An Equal Partner.
Founded To Take Advantage Of The Smallest Savings And Transfer Them To The Development, The Öžbank Played An Important Role In Establishing And Developing The Awareness Of Savings In Turkish Society, Bringing The First Piggy Bank To Turkey In 1928. In The Following Years, The Üžbank Began To Expand By Opening Branches All Over The Country. In 1932, The Öžbank Opened Branches In Hamburg, Germany, And Alexandria, Egypt, Becoming The First Turkish Bank To Open Branches Abroad. In The 1950s, The Islamic Bank Expanded The Portfolio Of Its Subsidiaries. The Bank's Subsidiaries Became A Driving Force In Turkish Industry, Investing In And Financing A Wide Range Of Enterprises, Especially In Manufacturing. After Accelerating The Expansion Of Its Branches In The 1960s And 1970s, Ižbank Paid Particular Attention To The Development Of Its Overseas Branch Network In The 1980s. In The 1980s, Ižbank Began To Offer A Wide Range Of Services To Its Customers In Line With Its Vision Of Multi-channel Banking. In 1982, Ižbank Introduced The First Automated Teller Machine (ATM) To Turkey. At The Same Time, The Bank Named Its ATM "Bankamatik" And Registered The Name As A Trademark. With The Launch Of The "Blue Line" In 1991 And The First Internet Branch In 1997, Ižbank Played A Pioneering Role In This Field. Since Those Years, Šbank Has Been Conducting R & D Activities And Research, Using New Technologies To Improve The Quality And Diversity Of Its Services In Order To Meet The Wishes And Expectations Of Its Customers.
