Turkland Bank

The Bank, which started its operations as the Istanbul Branch of the Bank of Bahrain and Kuwait in 1985, started its operations as an independent financial institution in 1991 under the name Bahreyn ve Kuveyt Bankası A.Ş. The Bank changed its name in 1992 and continued to serve its customers with the title Garanti Yatırım ve Ticaret Bankası A.Ş., and in 1997 it was renamed as MNG Bank A.Ş.

In 2006, Arab Bank and BankMed acquired 91% of the shares of MNG Bank A.Ş. The share transfer was completed in January 2007, resulting in Arab Bank holding a 50% stake and BankMed holding 41%. In April 2007, the Bank’s name was changed to Turkland Bank A.Ş. (T-Bank). In July 2010, the remaining 9% of shares held by the previous shareholder were also acquired, equalizing the ownership structure with BankMed holding 50% and Arab Bank holding 50%. In 2020, the Bank’s capital was increased from TRY 650 million to TRY 1 billion.

Following the required legal approvals and completion of the share transfer, the Bank’s majority shares were transferred to Monaco-based SCP Azuréa as of 3 April 2026. With this change, the shareholding interests of the former shareholders, BankMed SAL and Arab Bank PLC, in the Bank came to an end.

T-Bank’s new shareholder brings strong experience across a range of sectors, particularly mining, energy, finance, and real estate. In this new era, T-Bank aims to continue expanding its operations by leveraging its institutional heritage, customer relationship management capabilities, experienced human capital, and banking expertise, while further enhancing its activities across all segments through the vision and support of its new shareholder structure.

In line with this strategic foundation, T-Bank aims to strengthen its capital structure, increase its market presence and market share through integrated financial investments such as factoring, leasing, and portfolio management, and further enhance the value it delivers to its customers.