Turkiye Is Bankasi A.s.
Türkiye İş Bankası A.Ş. London Branch is the UK arm of Turkey's largest publicly-listed bank, providing multi-currency personal and corporate banking, mortgages, and trade finance to UK residents, Turkish nationals, and UK-registered businesses.
- Company typePublic
- Founded1924
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Turkiye Is Bankasi A.s. does
Türkiye İş Bankası A.Ş. (Isbank) London Branch is the UK branch of Turkey's largest commercial bank, founded in 1924 and publicly listed on Borsa Istanbul under ticker ISCTR. The branch, UK establishment number BR001619, has operated from 1 Bartholomew Lane, London EC2N 2AX since 2003 and is registered with the Information Commissioner's Office (Z7781846) as a data controller. It serves a defined niche — UK-resident individuals, Turkish nationals with UK payment needs, UK-registered companies with annual turnover above £1 million, and Privia-eligible high-net-worth customers holding at least TRY 10 million with the Isbank Group — through a full-service personal and corporate banking offer.
The product suite spans multi-currency current accounts and fixed-term deposits in GBP, EUR, USD, and TRY; residential, buy-to-let, and overseas (Turkey) mortgages with LTV caps of 75%, 75%, and 50% respectively; personal and secured personal loans; commercial loans (mortgages, spot, revolving, investment, overdrafts); and international trade finance (letters of credit, documentary credits, guarantee letters, structured trade) delivered through a worldwide correspondent-bank network. The technology platform is a regulated online-banking stack: two-factor authentication using customer number, password, and one-time security codes, plus a PSD2-compliant Open Banking API with a developer portal (developer.isbank.co.uk) and sandbox for Authorised Third-Party Providers.
Revenue mechanics are fee- and spread-driven rather than subscription-driven: account opening fees (£200 for UK Resident current accounts, £400 for Non-UK Resident, £3,000 for Corporate current accounts, often waivable on turnover or deposit thresholds), recurring annual fees (£40–£200), loan interest margins across the mortgage and commercial loan books, deposit spreads that vary by currency and threshold (notably elevated TRY deposit rates), trade-finance fees, POS hardware margin, and premium-margin Privia lending rates for high-balance customers. Go-to-market is hybrid: London-branch relationship management for corporate and high-value personal banking, independent UK mortgage brokers for residential mortgage origination, and self-service online banking for account management and select applications. Marketing reaches the niche primarily through the isbank.co.uk website, bilingual English/Turkish service, and the group brand equity of a top-1000 world bank (ranked 156th in 2020 by The Banker).
Turkiye Is Bankasi A.s. firmographics
Firmographics- Name
- Turkiye Is Bankasi A.s.
- Legal name
- Türkiye İş Bankası A.Ş.
- Website
- https://isbank.co.uk
- Company type
- Public
- Founded year
- 1924
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Türkiye İş Bankası A.Ş. London Branch is the UK arm of Turkey's largest publicly-listed bank, providing multi-currency personal and corporate banking, mortgages, and trade finance to UK residents, Turkish nationals, and UK-registered businesses.
- Ownership category
- akta.pro rank
Turkiye Is Bankasi A.s. industry classification
Industry- Product category
- Retail Banking
- NAICS
- Commercial Banking (522110), Depository Credit Intermediation (5221)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industry
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
Keywords
Where Turkiye Is Bankasi A.s. is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Turkiye Is Bankasi A.s. business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain, Others
Revenue model
- Current Account Fees: UK Resident Current Account: £200 account opening administrative fee and £40 annual fee. Non-UK Resident Current Account: £400 account opening fee and £200 annual fee. Corporate Current Account: £3,000 account opening fee (waived if loan/POS turnover threshold met).
- Fixed Term Deposit Interest: Interest-bearing deposits in GBP, EUR, USD, and TRY with fixed terms of 1, 3, 6, or 12 months. Interest rates vary by currency, deposit amount threshold, and term length.
- Loan Products: Residential mortgages (up to 75% LTV), Buy-to-Let mortgages (up to 75% LTV), Overseas mortgages for Turkey (up to 50% LTV), Personal loans, Secured personal loans (by deposit or property), and Commercial loans including commercial mortgages, spot loans, revolving loans, investment loans, and overdrafts.
- International Trade Services: Letters of credit, documentary credits, guarantee letters, and structured trade finance services provided through worldwide correspondent bank network.
- POS Solutions: Point of Sale Card Machines with mobile (GPRS) or Bluetooth connectivity offered to UK businesses at competitive pricing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | UK Resident Current Account - £40/year annual fee |
| Subscription | Annual | Non-UK Resident Current Account - £200/year annual fee |
| Subscription | Annual | Corporate Current Account - £3,000 opening fee |
| Other | Pay-as-you-go | UK Resident Sterling Fixed Term Deposit - rates from 0.30% to 1.90% AER |
| Other | Pay-as-you-go | Residential Mortgage - Up to 75% LTV, 10-year maximum term |
| Other | Pay-as-you-go | Buy-to-Let Mortgage - Up to 75% LTV, 10-year maximum term |
| Other | Pay-as-you-go | Overseas Mortgage (Turkey) - Up to 50% LTV, 10-year maximum term |
| Subscription | Annual | Privia Status - Minimum 10 million TRY holding |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels2 records
Turkiye Is Bankasi A.s. product offering
Product offeringCore offering
Türkiye İş Bankası A.Ş. (Isbank) operates its London Branch as a full-service bank providing personal banking (current accounts, fixed term deposits, personal loans, residential/buy-to-let/overseas mortgages) and corporate banking (current accounts, commercial loans, international trade finance, POS solutions) primarily to UK residents, Turkish nationals, and UK-registered companies. It differentiates through multi-currency banking in GBP, EUR, USD and TRY, Turkey-focused mortgage products, and Privia premium services for high-net-worth customers.
Product overview
Türkiye İş Bankası A.Ş. (Isbank) London Branch operates as a full-service retail and corporate bank in the UK, offering a comprehensive suite of banking products and services. The product portfolio spans personal banking (current accounts, fixed term deposits, personal loans, secured loans, and residential/buy-to-let/overseas mortgages), corporate banking (current accounts, deposits, commercial loans, international trade finance, POS solutions), and digital banking platforms. The bank differentiates through its Turkey connection (supporting overseas mortgages in Turkey, income from Turkey for UK mortgages) and premium Privia services for high-net-worth customers with minimum TRY 10 million in holdings. All services are accessible via dual online banking platforms for personal and corporate customers, with Open Banking PSD2 compliance enabling third-party provider integration.
Differentiator
Problem solved
Functional benefit
Products and services
- Online Banking
Companies that use Turkiye Is Bankasi A.s.
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles6 records
Turkiye Is Bankasi A.s. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Turkiye Is Bankasi A.s. partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Correspondent Banks (Worldwide Network)coreIsbank London branch utilizes a worldwide network of correspondent banks to offer international trade-based services including letters of credit, documentary credits, guarantee letters, and structured trade finance to business clients.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
Turkiye Is Bankasi A.s. competitors and assessment
Company assessmentEmerging players
- Wise: Digital-first multi-currency account and remittance platform. Competes with Isbank's cross-border money transfer and multi-currency banking for retail and SME customers seeking lower-cost digital alternatives.
- Revolut: UK-headquartered digital bank offering multi-currency accounts, FX, and increasingly trade and business banking. Targets similar customer segments with superior digital UX and is gaining share in cross-border banking.
Direct peers
- Garanti BBVA: Major Turkish commercial bank with a UK presence serving Turkish-UK trade and diaspora clients. Comparable in product breadth (retail, corporate, mortgages), FX capabilities, and Turkey-UK corridor focus—Isbank's closest direct competitor.
- ICICI Bank UK: Subsidiary of India's ICICI Bank offering personal and business banking in the UK. Direct comparable as a foreign-bank UK franchise serving a diaspora customer base with multi-currency and remittance products.
- Akbank: Top-tier Turkish commercial bank with international presence including UK. Competes with Isbank in retail banking, corporate lending, and trade finance for the Turkish-UK corridor.
- Yapı Kredi Bank: One of Turkey's largest privately-owned banks offering full retail and commercial banking. Operates a London branch providing similar services to Isbank London, targeting Turkish-linked customers and trade finance.
- Habib Bank UK: Pakistan's largest bank operating UK branches serving the Pakistani diaspora with remittances, deposits, and trade finance. Comparable diaspora-banking business model and niche retail/corporate offering.
- Bank of China UK: Chinese state-owned bank's UK branch offering personal and corporate banking, FX, and trade finance for UK-China trade. Comparable foreign-bank branch model targeting diaspora and bilateral trade.
Broad incumbents
- HSBC UK: UK universal bank with extensive international network and strong presence in Turkey, FX, and trade finance. Operates a much larger and broader portfolio but overlaps directly in commercial banking and multi-currency services.
- Standard Chartered: Global bank with deep emerging-market presence including Turkey. Directly competes for Turkish-UK trade finance, FX, and corporate banking mandates through its international network.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Turkiye Is Bankasi A.s. social profiles
Digital presenceTurkiye Is Bankasi A.s. compliance and trust
Trust signalCompliance2 records
Turkiye Is Bankasi A.s. financial estimates
Financial estimateRevenue estimate
Valuation estimate
Turkiye Is Bankasi A.s. leadership team
Management profileNumber of profiles
Turkiye Is Bankasi A.s. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Turkiye Is Bankasi A.s. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Turkiye Is Bankasi A.s.
What does Turkiye Is Bankasi A.s. do?
Türkiye İş Bankası A.Ş. (Isbank) operates its London Branch as a full-service bank providing personal banking (current accounts, fixed term deposits, personal loans, residential/buy-to-let/overseas mortgages) and corporate banking (current accounts, commercial loans, international trade finance, POS solutions) primarily to UK residents, Turkish nationals, and UK-registered companies. It differentiates through multi-currency banking in GBP, EUR, USD and TRY, Turkey-focused mortgage products, and Privia premium services for high-net-worth customers.
Is Turkiye Is Bankasi A.s. a public or private company?
Turkiye Is Bankasi A.s. is a public company. It is classified as public and is currently operating.
When was Turkiye Is Bankasi A.s. founded?
Turkiye Is Bankasi A.s. was founded in 1924. It employs 11 to 50 people.
Where is Turkiye Is Bankasi A.s. based?
Turkiye Is Bankasi A.s. is headquartered in London, United Kingdom, in the Europe region.
How does Turkiye Is Bankasi A.s. make money?
Five revenue lines are on record. Current Account Fees are the primary driver. The others are fixed Term Deposit Interest, loan Products, international Trade Services and POS Solutions.
Who are Turkiye Is Bankasi A.s.'s main competitors?
Emerging players on record are Wise and Revolut. Direct peers are Garanti BBVA, ICICI Bank UK, Akbank, Yapı Kredi Bank, Habib Bank UK and Bank of China UK. Broad incumbents are HSBC UK and Standard Chartered.
Does Turkiye Is Bankasi A.s. have an API?
Yes. Isbank implements PSD2 regulatory compliance to enable access to online payment accounts by Account Information Service Providers (AISPs), Payment Initiation Service Providers (PISPs), or Card-Based Payment Instruction Issuers (CBPIIs). The bank's Open Banking API provides access via a modified customer interface. A testing/sandbox facility is accessible for TPPs to check connectivity and functionality of their applications. TPPs must be authorised or registered by the FCA (or European equivalent) as AISP, PISP or CBPII. The developer portal is available at https://developer.isbank.co.uk. Availability and performance statistics are published quarterly. Developer documentation is at developer.isbank.co.uk.
What industry is Turkiye Is Bankasi A.s. in?
Turkiye Is Bankasi A.s.'s product category is Retail Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services. Its NAICS code is 522110 and its SIC code is 6021.