Ziraat Bank

(Redirected from Ziraat Bankası)

Ziraat Bankası is a state-owned bank in Turkey founded in 1863. Offers commercial loan support to companies and tradesmen, as well as personal loans such as consumer loans, vehicle loans and housing loans.[2]

T.C. Ziraat Bankası A.Ş.
TypeAnonim Şirket
IndustryFinance and Insurance
Founded1863 (as Memleket Sandıkları)
Number of locations
1,773 branches (2018)
Area served
Key people
  • Burhaneddin Tanyeri (Chairman)
  • Alpaslan Çakar (CEO)
ProductsFinancial services, credit cards, consumer banking, corporate banking, investment banking, mortgage loans, private banking
RevenueIncrease 24.554 billion (2018)
Decrease 10.034 billion (2018)
Increase 7.961 billion (2018)
Total assetsIncrease 537.156 billion (2018)
Total equityIncrease 57.401 billion (2018)
OwnerTurkey Wealth Fund
Number of employees
24,647 (2018)
    • Azer-Türk Bank ASC
    • Bileşim Alternatif Dağıtım Kanalları ve Ödeme Sistemleri A.Ş.[1]
    • Kazakhstan-Ziraat International Bank
    • Turkish Ziraat Bank Bosnia d.d.
    • Turkmen Turkish Joint Stock Commercial Bank (TTJSC Bank)
    • Uzbekistan-Turkish Bank (UTBANK)
    • Yönetimi A.Ş. Ziraat Teknoloji A.Ş.
    • Ziraat Bank (Moscow) CJSC
    • Ziraat Bank International AG
    • Ziraat Banka AD Skopje
    • Ziraat Finansal Kiralama A.Ş.
    • Ziraat Hayat ve Emeklilik A.Ş.
    • Ziraat Katılım
    • Ziraat Portföy
    • Ziraat Sigorta A.Ş.
    • Ziraat Yatırım Menkul Değerler A.Ş.


Mehmet Sabit Sağıroğlu, Ziraat Bank chief executive officer in the early days of the Turkish Republic. (Photo taken in 1920s.)

During the first half of the 19th century, with the adoption of western models of trade and finance, foreign banks began their activities in the Ottoman Empire. At that period, there was not enough capital to found a national banking system and no one could mention the existence of national banks as a source of capital. This situation was more harmful to farmers because they made up the majority of the population, and since they did not have any institutional financial structure to which to apply, they had to borrow money from the usurers with high interest rates. Under these conditions, the governor of Niš province of the Ottoman Empire, Midhat Pasha (1822–1884) began to take the first steps to overcome these difficulties in 1863 and achieved the reorganization of Memleket Sandığı (Homeland Funds), which became a law with Homeland Funds Regulations in 1867.[3] Homeland Funds was the first agricultural financial institution founded by the state and operated with a state guarantee.[3]

In 1888, Homeland Funds was renamed Ziraat Bankası (English: Agriculture Bank), and Ziraat Bank's head office in Istanbul began to function.[3] The Greco-Turkish War between 1919 and 1922 affected the bank's policy. The Greek liberation forces opened a Ziraat Bank Management Center in İzmir and occupied branches and funds were taken to the new Center's management. On the other hand, the Turkish Grand National Assembly charged the Ankara branch of Ziraat Bank with the management of branches and funds. With the Liberation of İzmir by Turkish forces on September 9, 1922, the İzmir organization was re-unified with the Ankara branch; and on October 23, the Istanbul organization too was re-unified with the Ankara branch. After the Turkish War of Independence ended in late 1923, Ziraat Bank became a united entity once again. Since the 1930s Ziraat played an important role in financing agricultural mechanisation in Turkey, which in the postwar period benefitted from support from the US Marshall Plan.[4]

In 1993, Ziraat Bank Moscow, Kazakhstan Ziraat International Bank (KZI Bank), Turkmen Turkish Commercial Bank (TTC Bank), and Uzbekistan Turkish Bank (UT Bank) and in 2008 Ziraat Bank Greece were founded and started to operate.[3] In 2001, Emlak Bankası wholly merged into Ziraat Bank.[3]

See alsoEdit


  1. ^ "ANNUAL REPORT 2011" (PDF). Türkiye Cumhuriyeti Ziraat Bankası. Retrieved 2012-06-17.
  2. ^ Gazete, Banka (21 November 2021). "Şubeye gitmeden kredi: 36 ay vadeli Ziraat Bankası dijital ihtiyaç kredisi fırsatı başladı!". Gazetebanka.com. p. https://gazetebanka.com/. Retrieved 21 November 2021.
  3. ^ a b c d e "Emlakbank artık Ziraat Bankası". Hurriyet.com.tr. Hürriyet. 2011-07-09. Retrieved 2011-03-31.
  4. ^ Marois, Thomas; Güngen, Ali Rıza (2 August 2016). "Credibility and class in the evolution of public banks: the case of Turkey" (PDF). The Journal of Peasant Studies. 43 (6): 1285–1309. doi:10.1080/03066150.2016.1176023. S2CID 155633816.

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