# Ziraat Bank

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Turkish multinational bank

T.C. Ziraat Bankası A.Ş. Type Public Anonim Şirket Industry Finance and Insurance Area served Worldwide Key people Burhaneddin Tanyeri (Chairman) Alpaslan Çakar (CEO) Products Financial services, credit cards, consumer banking, corporate banking, investment banking, mortgage loans, private banking Revenue US$16.45 billion (2023) Operating income US$8.16 billion (2023) Net income US$3.43 billion (2023) Total assets US$89.34 billion (2023) Total equity US$12.84 billion (2023) Owner Turkey Wealth Fund Number of employees 25.904 (2023)

**Ziraat Bankası** (lit. 'Agriculture Bank') is a Turkish [public bank](/source/Public_bank) founded in 1863. The bank provides commercial loan support to companies and tradesmen, as well as [personal loans](/source/Personal_loan) such as [consumer loans](/source/Consumer_loan), vehicle loans and housing loans.[2]

## History

[Midhat Pasha](/source/Midhat_Pasha), founder of Ziraat Bank and the 190th [Ottoman Grand Vizier](/source/List_of_Ottoman_grand_viziers), still has his portrait in all branches of the bank today

Mehmet Sabit Sağıroğlu, Ziraat Bank [chief executive officer](/source/Chief_executive_officer) in the early days of the [Turkish Republic](/source/Turkey)

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](/source/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](/source/Usurers) at high-interest rates.

Under these conditions, the governor of [Niš](/source/Ni%C5%A1) province of the [Ottoman Empire](/source/Ottoman_Empire), [Midhat Pasha](/source/Midhat_Pasha) (1822–1884) began to take the first steps to overcome these difficulties in 1863 and achieved the reorganization of **Memleket Sandığı** (English: 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](/source/Istanbul) began to function.[3] The [Greco-Turkish War](/source/Greco-Turkish_War_(1919%E2%80%931922)) between 1919 and 1922 affected the bank's policy. The [Greek forces](/source/Occupation_of_Smyrna) opened a Ziraat Bank Management Center in [İzmir](/source/%C4%B0zmir) and occupied branches and funds were taken to the new center's management. On the other hand, the [Turkish Grand National Assembly](/source/Turkish_Grand_National_Assembly) charged the [Ankara](/source/Ankara) branch of Ziraat Bank with the management of branches and funds. With the [Liberation of İzmir](/source/Liberation_of_Smyrna) 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](/source/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 [Marshall Plan](/source/Marshall_Plan).[4]

In 1993, Ziraat Bank [Moscow](/source/Moscow), [Kazakhstan](/source/Kazakhstan) Ziraat International Bank (KZI Bank), [Turkmen](/source/Turkmenistan) Turkish Commercial Bank (TTC Bank), and [Uzbekistan](/source/Uzbekistan) Turkish Bank (UT Bank) and in 2008 Ziraat Bank [Greece](/source/Greece) were founded and started to operate.[3]

In [Bosnia and Herzegovina](/source/Bosnia_and_Herzegovina), [ZiraatBank BH](/source/ZiraatBank_BH) [d.d.](/source/Joint-stock_company#Bosnia_and_Herzegovina) [Sarajevo](/source/Sarajevo), or simply **Ziraat Banka**, was founded in 1996 as the first bank in Bosnia after the [Bosnian war](/source/Bosnian_war) with [foreign capital](/source/Foreign_capital).[5]

In 2001, **Emlak Bankası** wholly merged into Ziraat Bank.[3]

In 2023, Ziraat Bank moved to its new headquarters located in the Istanbul Finance Center. The new headquarters, designed by the New York-based architecture firm [KPF](/source/Kohn_Pedersen_Fox), consists of two towers with 40 and 46 floors.

## See also

- [Banks portal](https://en.wikipedia.org/wiki/Portal:Banks)

- [Turkey Wealth Fund](/source/Turkey_Wealth_Fund)

- [List of banks in Turkey](/source/List_of_banks_in_Turkey)

## References

1. **[^](#cite_ref-T.C._ZİRAAT_BANKASI_faaliyet_raporu_2011_1-0)** ["ANNUAL REPORT 2011"](http://www.ziraatbank.com.tr/tr/s/d/TCZB_2011_yillik_m.pdf) (PDF). Türkiye Cumhuriyeti Ziraat Bankası. Retrieved 2012-06-17.[*[permanent dead link](https://en.wikipedia.org/wiki/Wikipedia:Link_rot)*]

1. **[^](#cite_ref-2)** Gazete, Banka (21 November 2021). ["Şubeye gitmeden kredi: 36 ay vadeli Ziraat Bankası dijital ihtiyaç kredisi fırsatı başladı!"](https://web.archive.org/web/20211221195420/https://gazetebanka.com/subeye-gitmeden-kredi-36-ay-vadeli-ziraat-bankasi-dijital-ihtiyac-kredisi-firsati-basladi/11221/). *Gazetebanka.com*. p. [https://gazetebanka.com/](https://gazetebanka.com/). Archived from [the original](https://gazetebanka.com/subeye-gitmeden-kredi-36-ay-vadeli-ziraat-bankasi-dijital-ihtiyac-kredisi-firsati-basladi/11221/) on 21 December 2021. Retrieved 21 November 2021.

1. ^ [***a***](#cite_ref-ziraat_3-0) [***b***](#cite_ref-ziraat_3-1) [***c***](#cite_ref-ziraat_3-2) [***d***](#cite_ref-ziraat_3-3) [***e***](#cite_ref-ziraat_3-4) ["Emlakbank artık Ziraat Bankası"](https://web.archive.org/web/20120310053433/http://hurarsiv.hurriyet.com.tr/goster/ShowNew.aspx?id=3071). *Hurriyet.com.tr*. [Hürriyet](/source/H%C3%BCrriyet). 2011-07-09. Archived from [the original](http://hurarsiv.hurriyet.com.tr/goster/ShowNew.aspx?id=3071) on 2012-03-10. Retrieved 2011-03-31.

1. **[^](#cite_ref-4)** Marois, Thomas; Güngen, Ali Rıza (2 August 2016). ["Credibility and class in the evolution of public banks: the case of Turkey"](https://eprints.soas.ac.uk/22002/1/Evolution%20of%20Turkey%E2%80%99s%20Public%20Banks_SOAS%20e-print.pdf) (PDF). *The Journal of Peasant Studies*. **43** (6): 1285–1309. [doi](/source/Doi_(identifier)):[10.1080/03066150.2016.1176023](https://doi.org/10.1080%2F03066150.2016.1176023). [S2CID](/source/S2CID_(identifier)) [155633816](https://api.semanticscholar.org/CorpusID:155633816).

1. **[^](#cite_ref-www.ziraatbank.ba_/_Historijat_5-0)** ["Historijat"](https://www.ziraatbank.ba/bs/ziraat-historijat). *www.ziraatbank.ba* (in Bosnian). Retrieved 5 May 2024.

## Further reading

- [*Ziraat Bank Annual Report 2018*](https://web.archive.org/web/20200421032450/https://www.ziraatbank.com.tr/en/Investor-Relations-ZB/Financials/Documents/AnnualReport2018.PDF) (PDF), Ziraat Bank, 2018, archived from [the original](https://www.ziraatbank.com.tr/en/Investor-Relations-ZB/Financials/Documents/AnnualReport2018.PDF) (PDF) on 2020-04-21

## External links

Wikimedia Commons has media related to [Ziraat Bank](https://commons.wikimedia.org/wiki/Category:Ziraat_Bank).

- [Official Website](http://www.ziraat.com.tr/)

- [\[1\]](https://imperium-globals.com/tr/)

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v t e Banks of Turkey Banking in Turkey ∙ Central Bank Commercial Public Halkbank VakıfBank Ziraat Bank Birleşik Fon Bankası 1 Private Akbank Anadolubank İşbank Fibabanka Şekerbank Turkish Bank Yapı Kredi Foreign Alternatif Bank Burgan Bank Citibank DenizBank Deutsche Bank Garanti BBVA HSBC ICBC ING MUFG Bank QNB Turkey Rabobank Turk Ekonomi Bankasi Investment Public İlbank Private Industrial Development Bank of Turkey Participation Public Vakıf Katılım Ziraat Katılım Private Albaraka Türk Kuveyt Türk Türkiye Finans Dünya Katılım Defunct Anadolu Bank (1961) Egebank Emlak Kredi Bank Esbank İstanbul Bank Milli Aydın Bank (Tarişbank) Ottoman Bank Raybank Töbank İktisat Bankası Tütünbank (Yaşarbank) 1 Under TMSF italic: Global branch page

v t e Largest banks in Georgia (country) TBC Bank Bank of Georgia Liberty Bank VTB Bank – (Georgia) ProCredit Bank Georgia Ziraat Bank Georgia Isbank Georgia Halyk Bank Georgia FINCA Georgia according to the National Bank of Georgia, 2019

Authority control databases International VIAF GND National United States France BnF data Israel Other IdRef Yale LUX

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Adapted from the Wikipedia article [Ziraat Bank](https://en.wikipedia.org/wiki/Ziraat_Bank) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Ziraat_Bank?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.