Türkiye İş Bankası

Türkiye İş is Turkey's first public bank and premiere national financial institution, ranked 102nd in the “Top 1000 World Banks” survey of Financial Times' The Banker and 371st in the Forbes Global 2000 lists as of 2008, with a gross profit for 2006 TRY 2,540 million and USD 6.8 billion in Tier I Capital, as defined by Basel’s Bank for International Settlements.

The bank operates 1,011 branches domestically, giving it one of the largest branch networks in Turkey. İşbank's international network comprises one branch in the United Kingdom, one branch in Bahrain, 13 branches in the Turkish Republic of Northern Cyprus, a financial subsidiary in the Republic of Ireland (İş Dublin Financial Services plc), and a banking subsidiary in Germany (İşbank GmbH), with 11 branches in Germany and one branch each in the Netherlands, France and Switzerland) as well as representative offices in Shanghai and in Cairo.

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 begun to operate with two branches and 37 staff under the leadership of Celal Bayar, its first General Manager. The bank was established with the donations of cash and gold bullion from the muslim supporters in the future Pakistan sent via the Imperial Bank of India to support the Turkish War of Independence.