Türkiye İş Bankası
| Türkiye İş Bankası A.Ş. | |
|---|---|
|
|
| Country |
 Turkey
|
| Seat | Istanbul |
| legal form | Anonim Şirket (joint stock company) |
| ISIN | TRAISATR91N6 |
| BIC | ISBKTRISXXX |
| founding | 1924 |
| Website | www.isbank.com.tr |
| Business data 2011 | |
| Total assets | approx. TRY 161.7 billion |
| Employee | 24,887 |
| Offices | 1,184 |
| management | |
| Corporate management |
H. Ersin Özince (Chairman of the Board) |
The Türkiye İş Bankası A.Ş. is a Turkish credit institute in the legal form of a joint stock company with headquarters in Istanbul .
The company was founded in 1924 and operates as a credit institution in the banking sector. Türkiye İş Bankası provides various types of financial services to its clients. According to Forbes magazine , the company is one of the ten best-selling Turkish companies and one of the largest 400 companies worldwide. The company's shares are traded on the İMKB Turkish Stock Exchange and the London Stock Exchange .
Shareholders
- 31.4%: Free float
- 40.5%: İşbank pension fund
- approx. 28.1%: Cumhuriyet Halk Partisi , a Turkish political party
- As of February 11, 2019
Expropriation (plans)
Türkiye İş Bankası is the oldest bank, the largest listed institute and the second largest financial institution in Turkey. Since October 2018 and February 2019 it has been known that the authoritarian AKP administration under President Erdoğan has held out the prospect of a partial nationalization or expropriation of the shares in Türkiye İş Bankası, which is around 28% of the largest opposition party Cumhuriyet Halk Partisi (CHP) belong. In order to transfer it to its own Ministry of Finance, which is under the aegis of the President, among other things, through decrees. At that time, the opposition CHP received the 28% share in a will as heir from the state's founder, Mustafa Kemal Ataturk .
This prospect was later concretized by the President in May 2020 asked the AKP administration to set up a commission to legally examine the transfer of shares in Türkiye İş Bankası.
These expropriation plans are considered politically highly explosive. From an economic point of view, there is no need to change ownership structures because Türkiye İş Bankası does not stand out negatively in the Turkish banking sector compared to the Turkish state banks and other competing banks.
İşbank AG
The İşbank AG is the German subsidiary of Türkiye İş Bankası A.Ş. with headquarters in Frankfurt am Main . The bank has other German branches in Berlin-Kreuzberg, Berlin-Wedding, Düsseldorf, Gelsenkirchen, Cologne, Mannheim, Munich, Nuremberg and Stuttgart.
See also
Web links
Individual evidence
- ↑ Entry in the BIC directory at SWIFT
- ↑ Annual Report 2011 (English; PDF; 3.8 MB)
- ^ Forbes
- ↑ Number 371 on the Forbes Global 2000 list 2008 forbes.com
- ↑ a b Erdogan wants to quickly transfer opposition stake in Isbank to the government. In: reuters.com. Thomson Reuters , February 11, 2019, accessed May 17, 2020 .
- ↑ Volker Pabst: Erdogan holds out the prospect of a partial nationalization of Isbank. In: nzz.ch. Neue Zürcher Zeitung , February 5, 2019, accessed on May 17, 2020 .
- ↑ Gerd Höhler: Turkish head of state Erdogan wants control of the oldest bank. In: augsburger-allgemeine.de. Augsburger Allgemeine , February 24, 2020, accessed on May 17, 2020 .
- ↑ Government wants to transfer CHP shares in IS Bank to the Ministry of Finance. In: Hürriyet .de. Demirören Media International GmbH, May 16, 2020, accessed on May 17, 2020 .
- ↑ IŞBANK: Our branches , accessed April 20, 2019.