Turkish Trade Bank

What Turkish Trade Bank does

Türk Ticaret Bankası A.Ş. is a Turkish private commercial bank reorganized and relaunched in 2023 as a dedicated export-oriented bank under the ownership of İhracatı Geliştirme A.Ş. (İGE), a guarantee institution formed by TİM (Turkish Exporters Assembly), the 61 regional Exporters' Unions, and Eximbank. Originally founded in 1913 as Adapazarı İslam Ticaret Bankası and shuttered in 2001 during Turkey's banking crisis, the institution resumed lending in September 2024 and completed a nationwide relaunch in 2025 with 11 branches across Turkey's primary export hubs (Istanbul Anadolu and Avrupa, Ankara Kurumsal and Ticari, Gebze/Kocaeli, Bursa, İzmir, Antalya, Çukurova/Adana, Denizli, Gaziantep, Konya).

The bank operates a "phygital" (physical + digital) banking model centered on a proprietary Digital Banking Platform launched in February 2025 that supports FAST payments, KOLAS, a credit decision tree, NOVA securities transactions, and İGE-backed loan origination. Customer-facing channels include a Türk Ticaret Mobil app (iOS/Android, released April 2025) with video-call remote onboarding, an internet banking portal, and a customer contact center. Infrastructure layers include a Data Warehouse (installed February 2025), SD-WAN networking, a Zero Trust identity and access management architecture with Privileged Access Management and risk-based MFA, and fraud detection software with real-time transaction monitoring. An AI-powered TTB Assistant for IT requests is in pilot.

The revenue model is dominated by interest income from lending (TL 4.017 billion in 2025), supplemented by commission income (TL 206M, up from TL 13M in 2024), trading profit (TL 42.9M), and deposit-funded balance sheet growth (deposits TL 35.6B, ninefold YoY). The go-to-market prioritizes Turkish exporters through TCMB Rediscount Loans, Eximbank-sourced credit, İGE-backed loans, letters of guarantee, IBKB processing, and SWIFT GPI transfers, leveraging the TİM/İGE/Eximbank ecosystem as primary referral network. Net profit of TL 560M in 2025 (versus a TL 224M loss in 2024) reflects the first full year of relationship-driven lending; equity stands at TL 9.7B and capital adequacy at 20.70%, supported by two TL 3B capital increases in 2025.

Name

Turkish Trade Bank

Legal name

Türk Ticaret Bankası Anonim Şirketi

Website

https://turkticaretbankasi.com.tr

Company type

Private

Founded year

1913

Operating status

Operating

Headcount range

251–500 employees

Short description

Türk Ticaret Bankası is a Turkish private commercial bank relaunched in 2023 under İGE ownership as a dedicated export-oriented institution, operating 11 branches and a digital banking platform to serve Turkish exporters and foreign trade participants with TCMB Rediscount Loans, Eximbank-backed financing, and trade finance products.

Ownership category

akta.pro rank

Product category

Export-oriented Commercial Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), State Commercial Banks (6022), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Pre-Export & Export Finance (Working Capital, Packing Credit) (FSABAHAG)

akta.pro secondary industries

Import & Buyer Finance (Import Loans, Trade Loans) (FSABAHAH), Commodity Trade Finance (Soft/Hard Commodities) (FSABAHAI), Structured Trade & Export Credit (ECA-backed, Structured Solutions) (FSABAHAJ)

Keywords

• Export trade finance
• Commercial banking services
• Letters of guarantee
• Foreign trade financing
• Corporate lending

Headquarters

HQ city

Umraniye

Offices12 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income: The bank generates the majority of its revenue from interest income on loans. In 2025, total interest income reached TL 4,016,733 thousand, of which TL 2.9 billion was interest on loans. Net interest income was TL 2,640,632 thousand, an 800% increase year-over-year.
2. Fee and Commission Income: Commission income from banking services including letters of guarantee, trade finance transactions, and account management. Commission income increased from TL 13 million in 2024 to TL 206 million in 2025.
3. Trading Profit/Loss: Income from trading activities, including foreign exchange trading. Trading profit was TL 42,852 thousand in 2025.
4. Deposits: Deposit collection (predominantly foreign currency) as a funding source. Deposits reached TL 35.6 billion at end of 2025, increasing ninefold year-over-year.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Türk Ticaret Bankası operates as an export-focused private commercial bank in Turkey, providing TCMB Rediscount Loans, Eximbank-backed credit facilities, cash loans (spot, revolving, installment), letters of guarantee in TL and foreign currency, foreign trade financing, deposits, credit cards, cash management, investment, and insurance products. The bank is owned by İhracatı Geliştirme A.Ş. (İGE) and positions itself as "The Exporter's Bank," serving exporters and trade-oriented corporates through 11 physical branches and digital channels (mobile app, internet banking, and remote video-call onboarding).

Product overview

Türk Ticaret Bankası is a digital-first export-oriented bank offering a comprehensive banking platform under its 'Fijital' (phygital) banking model. The core digital infrastructure consists of the Dijital Bankacılık Platformu (Digital Banking Platform) launched in February 2025, complemented by the Türk Ticaret Mobil mobile app and İnternet Şubesi (Internet Banking) for digital channels. The product portfolio centers on export financing with products including Nakit Krediler (Cash Loans), Dış Ticaret Finansmanı (Foreign Trade Financing) featuring TCMB Reeskont Kredileri and Eximbank-sourced loans, and Teminat Mektupları (Letters of Guarantee). Supporting products include Mevduat (Deposits), Kredi Kartları (Credit Cards), Yatırım (Investment) through NOVA securities platform, Gayrinakdi Krediler (Non-Cash Loans), Nakit Yönetimi (Cash Management), and Sigorta (Insurance). The bank operates 11 branches across Turkey and serves as 'İhracatçının İkinci Adresi' (Exporter's Second Address) with focus on Turkish exporters.

Differentiator

Problem solved

Functional benefit

Products and services

• Nakit Krediler (Cash Loans) Working capital loans in Turkish Lira (TL) or foreign currency (FX) offered as spot, revolving, or installment loans for exporters and businesses requiring day-to-day and seasonal liquidity.
• Teminat Mektupları (Letters of Guarantee) Bank guarantees issued in TL or foreign currency to secure payment, delivery, or performance obligations, available in printed or electronic form for customs and commercial contracts.
• TCMB Reeskont Kredileri (CBRT Rediscount Loans) Central Bank of the Republic of Turkey (TCMB/ CBRT) Rediscount Loans available to exporters and FX-earning service providers as preferential, low-cost export financing.
• Dış Ticaret Finansmanı (Foreign Trade Financing) Comprehensive suite of export and import financing products including TCMB (CBRT) Rediscount Loans, Eximbank-backed loans, export letter of credit discounting, and SWIFT GPI-based transparent international payment tracking for exporters and importers.
• Dış Ticaret (Foreign Trade Services) Full range of import and export services including letters of credit (akreditif), collections, IBKB documentation processing, and trade finance solutions for foreign trade participants.
• Gayrinakdi Krediler (Non-Cash Loans) Non-cash credit facilities encompassing letters of guarantee and standby letters of credit used for trade and project financing obligations without directly using cash.
• Mevduat (Deposit Products) Time deposits, demand deposits, and daily savings accounts for individuals and corporate customers, providing savings and corporate treasury funding options in TL and FX.
• Kredi Kartları (Credit Cards) Credit card products for retail and corporate customers enabling spend management, transactions, and card-based payments.
• Nakit Yönetimi (Cash Management) Cash management services for corporate customers covering payment, collection, liquidity management, and reconciliation across multiple accounts and entities.
• Yatırım (Investment Services) Investment products available to customers including investment fund viewing and transfers, and securities transactions executed through the NOVA platform.
• Sigorta Ürünleri (Insurance Products) Insurance products and services distributed through the bank to complement banking solutions and provide risk protection for retail and corporate customers.
• Türk Ticaret Mobil (Mobile Banking) Mobile banking application (iOS via App Store, Android via Google Play; package com.enqura.turkticaretbankasi) that enables individuals and corporates to open accounts via video call without branch visits, view accounts, execute FAST transfers and QR-code payments, manage credit cards, view investment funds, and complete corporate approval workflows remotely.
• İnternet Şubesi (Internet Banking) Internet banking platform (sube.turkticaretbankasi.com.tr) for individual (bireysel) and corporate (kurumsal) customers that supports account viewing, money transfers, and digital banking transactions without branch visits.
• Dijital Bankacılık Platformu (Digital Banking Platform) Core digital banking platform launched February 2025 that delivers the bank's retail and corporate banking capabilities end-to-end: FAST payments, KOLAS, automated Credit Decision Tree, NOVA securities transactions, commercial credit card, and İGE-backed loan origination.
• Uzaktan Müşteri Edinimi (Remote Customer Onboarding via Video Call) Video-call-based remote onboarding service enabling individuals and legal entities to open accounts and become customers of the bank without visiting any physical branch, combining physical trust with digital velocity.

Quantifiable outcome

• Total financing to exporting companies reached TL 76.3 billion in 2025
• +3 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature6 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Türkiye Innovation Week 2025minorGTM or Marketing Partner · 1 November 2025Türk Ticaret Bankası participated as Strategic Partner in Türkiye Innovation Week 2025 held in November 2025, reinforcing its image as an innovative, exporter-focused bank.
• Istanbul Fashion Connection FairminorGTM or Marketing Partner · 1 February 2025Türk Ticaret Bankası participated as Platinum Sponsor in the Istanbul Fashion Connection Ready-to-Wear and Fashion Fair held in February 2025. This sponsorship aligns with the bank's strategy to support Turkish exporters in the textile and fashion sector.
• Türkiye İhracatçılar Meclisi (TİM) / Turkish Exporters AssemblycoreStrategic or Co-development Partner · 1 January 2021TİM is the umbrella organization of Turkey's 61 Exporters' Unions and a co-founder of İGE (İhracatı Geliştirme A.Ş.), which acquired Türk Ticaret Bankası. TİM is the bank's strategic partner for accessing and serving Turkey's exporter ecosystem. The bank maintains close relationships with TİM and participates in TİM-organized events such as Regional Exporters Meetings.
• Türkiye İhracatçılar Meclisi - 61 İhracatçı Birlikleri (61 Exporters' Unions)coreStrategic or Co-development Partner · 1 January 202161 regional Exporters' Associations under TİM represent Turkey's export community. As co-founders of İGE (which owns Türk Ticaret Bankası), these unions serve as a key distribution and referral network for the bank's export-focused products and services. The bank maintains physical branches at several exporters' union locations.

Scale indicators12 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Alternatif Bank: Alternatif Bank is a mid-sized Turkish commercial bank serving corporate and commercial clients with cash loans, FX and trade finance, competing for the same mid-market exporter and corporate customers as Türk Ticaret Bankası.
• Akbank: Akbank is a leading Turkish commercial bank with a strong corporate, SME and trade finance franchise that competes directly with Türk Ticaret Bankası for exporter and commercial customers.
• QNB Finansbank: QNB Finansbank is a mid-to-large Turkish commercial bank with active corporate, SME and trade finance offerings, serving many of the same mid-market exporter clients targeted by Türk Ticaret Bankası.
• DenizBank: DenizBank is a Turkish commercial bank with a strong SME and agricultural export focus; it overlaps with Türk Ticaret Bankası in providing trade and cash loans to regional exporting businesses.
• Türkiye İş Bankası: Türkiye İş Bankası is Turkey's largest private commercial bank with an extensive trade-finance franchise, large corporate and exporter client base, and full-service product suite that overlaps directly with Türk Ticaret Bankası across cash loans, foreign trade, letters of guarantee and FX.
• Yapı Kredi: Yapı Kredi is a major Turkish universal bank with a full range of commercial, corporate, and trade finance products including export credit, letters of credit and FX, overlapping directly with Türk Ticaret Bankası's product set.
• Türkiye Sınai Kalkınma Bankası (TSKB): TSKB is Turkey's industrial development bank providing investment and project finance to corporates, including exporters. Its niche development-banking model and exporter/investment focus make it closely comparable to Türk Ticaret Bankası's specialized approach.
• Garanti BBVA: Garanti BBVA is one of Turkey's largest private commercial banks with strong trade finance, corporate banking and digital channels; it competes head-on for the same exporter and corporate clients that Türk Ticaret Bankası targets.
• ING Türkiye: ING Türkiye is a Turkish commercial bank with a strong trade finance and cash management franchise, particularly for mid-market and internationally active clients, overlapping directly with Türk Ticaret Bankası's exporter-focused offerings.

Broad incumbents

• Türkiye İhracat Bankası (Eximbank): Eximbank is Turkey's official export credit agency and a co-founder of İGE, which owns Türk Ticaret Bankası. It operates more broadly across Turkish export finance while Türk Ticaret Bankası is a specialized commercial channel for similar programs.

Market position

Strengths4 records

Weaknesses1 record

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/turkticaretbnk
• YouTubeyoutube.com/@turk_ticaret_bankasi
• LinkedInlinkedin.com/company/turkticaretbnk
• Instagraminstagram.com/turkticaretbankasi

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Turkish Trade Bank