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History |
| Foundation |
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The inception of the country's first truly national bank following the promulgation of the Republic dates back to 26 August 1924, mandated by Atatürk, consequent to the First Economy Congress in İzmir. Isbank begun to operate with two branches and 37 staff under the leadership of Celal Bayar, the first General Manager to run the bank. |
| A Historic Mission |
| The Grand Victory which preceded the proclamation of the Republic order entailed a period during which resolutions to the state's economic and social problems were sought. There was a growing and deeply rooted sentiment signalling the need for a truly national establishment and the birth of a banking system that was capable of the financing means to back up economic activities, managing funds accumulated as a result of policies providing savings incentives and where necessary extending resources which could trigger industrial impetus. |
| A Bold Untertaking |
| The birth of a new country heavily depended on the presence of banking activities nation wide, the drive for industrial development, animating national savings, financing fundamental economic breakthroughs and the means to meet financial borrowings. The aftermath of World War I culminated in a wide array of progress, including financial services which soon took off with an accelerated pace leading to technological advances and the designation of previously unheard methods and criteria governing business. Turkey was to suffer deprivation from such innovations and lacked qualified and skilled human resources. Isbank began operating at a time of such economic strain. |
| Since then.... |
| Isbank boasts continuous growth committed to its founding principles, restoring its strength and vigour with each passing year. The Bank tops the list of Turkey's most respected and trustful enterprises, while carving itself a place among the world's largest corporations. Isbank, a publicly traded firm since its inception enjoys a peerless stakeholder base. To this day the state Pension Fund has brokered the offering of stock options to employees and retired staff in the company which has reached 41.5%. As of December 2006 41.5 % of Isbank shares are held by Isbank's own private Pension Fund, 28.1 % are Ataturk's shares that are represented by Republican People's Party and 30.4 % are free float. In May 1998, 12.3% of the Bank's total shares previously held by the Turkish Treasury have been sold to national and international investors in a highly successful public offering. Today the shares are listed on the Istanbul (ISE) and London Stock Exchanges. The Bank's market capitalization valued at NTL 17,971,848 thousand by the end of December 2006 is the second one among private corporations in Turkey. As of 29th December 2006, Isbank's market value constitutes 7,81 % of the ISE market value where 316 corporations were traded and whose market value was NTL 230,037,678 thousand. |
| Isbank's Primary Innovations |
| The followings are examples of the Bank's forerunning achievements: |
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| An Electronic Breakthrough in Banking |
| The Bank deployed one of the world's most advanced online real time technologies in the light of headspinning innovations and developments that have influenced the banking sector following the 80's. Today the Bank's, |
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Such an advanced technology enables Isbank to run real time transactions and maintain uniformity of services throughout its network.
The state of the art hardware and software technologies deployed throughout the organization compliment the Bank's on line real time operations and efficient self service banking options all of which have equipped the Bank with an examplar image in the global banking industry. (*) As of 31 December 2007. |
Annual Reports |
| 2006 Annual Report 2005 Annual Report 2004 Annual Report |
Directors of Isbank |
| Click here to view "Directors of Isbank" in the main site. |
Turkiye Is Bankasi London Team |
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Shareholder Information |
| Click here to view "Shareholder Information" in the main site. |
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