Largest Turkish banks 2023, by total assets

Türkiye Cumhuriyeti Ziraat Bankası A.Ş., also known as Ziraat Bankasi, had the highest value of total assets in Turkey as of June 30, 2023. The state-owned bank saw total assets reach more than 116.9 billion U.S. dollars in the first half of 2023, approximately 33 billion more than the second largest bank. Turkey’s largest banks fall far short as compared to the size of Europe’s largest banks. The total value of assets of the banking sector in Turkey amounted to more than 14 trillion Turkish lira as of December 2022.

Turkish banking sector

The Turkish banking sector is made up of a total of 55 banks as of June 2023, the majority of which are either foreign owned or development and investment banks. In the first quarter of 2023, there were over 1.8 billion credit card transactions, and roughly almost 1.8 billion debit card transactions in the first quarter of 2023.

Online banking

Since more and more banks embraced the digital transformation and started offering digital banking to their customers, the number of Turkish people using digital banking actively consistently increased in recent years. As of the fourth quarter of 2022, there were over 93 million active digital banking customers in the country, which was the highest value recorded.