Turkiye Is Bankasi A.s.

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).

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

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

• Retail banking services
• Corporate banking
• International trade finance
• Multi-currency accounts
• Mortgage lending

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

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

1. 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).
2. 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.
3. 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.
4. International Trade Services: Letters of credit, documentary credits, guarantee letters, and structured trade finance services provided through worldwide correspondent bank network.
5. POS Solutions: Point of Sale Card Machines with mobile (GPRS) or Bluetooth connectivity offered to UK businesses at competitive pricing.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels2 records

Core 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

Named customers2 records

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Correspondent Banks (Worldwide Network)coreStrategic or Co-development PartnerIsbank 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

Emerging 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

• LinkedInlinkedin.com/company/isbank-uk

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

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 Turkiye Is Bankasi A.s.