Which are the State Banks? (Public Banks)
State banks It is curious about those who want to trade or for various needs. public banks These banks, which we also describe as, are more reliable in the eyes of people.
Is Yapı Kredi a state bank? or is Vakıfbank a state bank? Questions such as these can confuse the mind. In this guide, you will learn which state banks are and how many state banks there are.
State banks It always aims to enable consumers to use financial products under more favorable conditions by providing low interest rates. It is normal that citizens generally hear about public capital deposit banks and do not know about other investment banks.
Investment banks do not have branches everywhere, unlike other banks. At the same time, these banks carry out their capital activities for public institutions and organizations. You can also find the ranking of state banks below.
State Banks List
State banks are banks that provide services within the state in our country and are popularly referred to as public banks. Public banks operate as banks established with full state capital and managed by the state.
The number of people who do not have a relationship with banks is almost non-existent, and most people carry out many of their transactions through banks during the month or year.
6 banks continue to operate as Turkish state banks. As stated in the statement below, Ziraat Bank; It is Turkey's oldest public bank. The bank, which started its operations during the Ottoman Empire, is a well-established bank that has continued its service until today.
In addition, by following the innovations, Ziraat Bank has managed to increase its customer potential day by day, and in recent years, it has opened the bank under the name of Ziraat Participation in the field of participation banking. Other public banks are known as Halkbank and Vakıfbank.
Emlak Bank, which was in service in recent years and ceased its activities, was added to the state banks. Emlak Bank started its operations in 2019 and started to provide services in the field of interest-free participation banking.
State banks are generally as follows:
- Ziraat bank
- Ziraat Participation
- Vakıfbank
- Foundation Participation
- Halkbank
- United Funds Bank
- Development Bank of Turkey
- Iller Bank
- adabank
Which are Public Deposit Banks?
Ziraat Bank, Vakıfbank and Halkbank, which are the public banks we know most, continue their services as public participation banks. These three banks, which are public participation banks, continue their services as deposit banks. It does not belong to individuals or institutions like other banks, but completely belongs to the state.
Ziraat bank: Although it is known as the bank that provides financing for plant and animal purposes, Ziraat Bank is one of the state banks that makes the most transactions. Ziraat Bank, which offers interest at lower interest rates compared to private banks, is the bank where the payments to be paid by the state are made. Ziraat, which has made a name for itself with the support packages given in recent days, is one of the leading public banks. If we take a look at the current interest rates;
- Consumer loan: 1,05%
- Housing loan: 0,64%
- Vehicle loan: 0,49-0,69%
Vakifbank: The answer to the question of whether Vakıfbank is a State Bank ise; Apart from our country, it has branches in 6 different countries in total: America, Germany, Cyprus, Iraq, Austria and Bahrain. When looking at private banks, loan interest rates are low like Ziraat Bank. Vakıfbank, which is a member of state-owned banks, is owned by the state with a rate of 58%, publicly open with a rate of 25% and some state foundations with a rate of 17%.
# You May Be Interested In: Which Is The Best Bank Of Turkey? (5 Banks to work with)
Halkbank: Known as a financing source for SME loans, Halkbank also offers grants and interest-free loans. Halkbank, where many government-owned transactions are carried out, is highly preferred, as are Vakıfbank and Ziraat Bank. 51% of this bank is open to the state and 49% to the public. Housing, vehicle, consumer and different types of loans are financed at affordable interest rates. It also offers high interest rates to deposit accounts. Vehicle loan interest rate is 0,49%, housing loan interest rate is 0,64% and consumer loan interest rate is 0,49%.
| Ziraat Bankası A.Ş. |
| Closely followed by all our citizens and as a state bank, Ziraat bankhas been operating since 1863. When Ziraat Bank was established in the Ottoman period, it was serving as Homeland Funds. Headquartered in Ankara, the bank offers the most favorable interest rates in many loans related to vehicle loans, consumer loans, housing loans, individual loans and farmer loans. Providing service with 1785 branches and 25.156 employees throughout the country, Ziraat Bank provides services in 18 countries of the world. Internet address: https://www.ziraatbank.com.tr Number of Branches: 1.741 Customer service: 0850 220 0000 |
| Türkiye Halk Bankası A.Ş. |
| Providing services all over Turkey as Halk Bank, the bank is among the state banks. The bank, which started to serve in 1933, offers easy payment advantages with affordable interest rates in housing loans, vehicle loans, consumer loans and other financing products. The purpose of its establishment is to guide private banks and to contribute to industry and commerce by giving loans with the most favorable interest rates. Internet address: https://www.halkbank.com.tr/ Number of Branches: 989 Customer service: 0850 222 0 400 |
| Turkey Vakiflar Bank (Vakifbank) |
| Vakıfbank, also known as Türkiye Vakıflar Bankası, continues to serve among public banks. Vakıfbank is a bank that was founded in 1954 under the leadership of the late Prime Minister Adnan Menderes, and today it provides financing products at affordable interest rates. Internet address: https://www.vakifbank.com.tr/ Number of Branches: 948 Customer service: 0850 222 0 724 |
| ILLER BANK |
| ILBANK INC. It also provides services between public banks. However, this bank provides credit support to public institutions such as Special Provincial Administrations and municipalities. |
| TURK EXIMBANK |
| Türk Eximbank, or Turkish Export Credit Bank, was established in 1987. Established with the aim of increasing exports, the bank is among the banks of the Republic of Turkey as an investment bank. You can also access all detailed information about the bank at https://www.eximbank.gov.tr/. |
| Development Bank of Turkey |
| Another bank that continues to serve among public banks is the Development Bank of Turkey. It was established in 1975 as the State Industry and Workers' Investment Bank by decree. Established with the aim of supporting sustainable development, the bank conducts negotiations and agreements with external institutions. |