Istanbul-based Turkiye Is Bankasi is the largest bank in Turkey by Tier 1 capital, with $10.4bn of core capital. It is closely followed by Akbank, which has $9.6bn and Turkiye Garanti Bankasi, which has $9.3bn. While profits at these banks have historically been high, the country's lenders are now bracing themselves for the impact of regulatory measures aimed at curbing consumer lending.
For more about Turkey's banking sector and how it will deal with this bursting of the country's consumer credit boom, see Stefanie Linhardt's piece Regulators burst Turkey's consumer credit boom.
The table was produced using The Banker Database, which provides comprehensive financial data, news feed and executive contact data for more than 5000 of the world's leading banks. For more in-depth information on Turkey's banking system, and that of more than 190 other countries, visit www.thebankerdatabase.com.
