In July 2012, the Bank was registered by National Bank of Georgia (NBG) as a branch of Türkiye İş Bankası and started its operations in Batumi. In August 2015, Batumi branch was transformed into JSC Isbank Georgia, a wholly-owned subsidiary of Türkiye İş Bankası A.Ş.. Our bank was established with GEL 30 million authorised capital. As of 30 June 2021 its authorized capital is GEL 69.2 million, while the share capital is GEL 88.7 million.
Bank’s shareholder Türkiye İş Bankası is the leading Turkish financial institution which was incorporated in Turkey in 1924 and serves more than 14 million customers (9.5 million digital customers) not only in Turkey but also in Europe, UK, Bahrain and Iraq. As of 30 June 2021 the Bank operates with 1,182 branches in Turkey and 22 branches in foreign countries: 15 branches in Turkish Republic of Northern Cyprus, 2 branches in UK (London), 2 branches in Kosovo (Pristina and Prizren), 2 branches in Iraq (Erbil and Baghdad), 1 branch in Bahrain (Manama).
In addition, Türkiye İş has 3 subsidiary banks: Isbank Georgia (Georgia), Isbank AG (Germany) and JSC Isbank (Russia). Isbank AG is represented by 9 branches in Germany and 1 branch in Netherlands (Amsterdam); JSC Isbank is represented by 1 branch and 2 representative offices in Russia. Isbank also has representative offices in China (Shanghai) and Egypt (Cairo).
The Parent Bank is the largest private bank in Turkey with total assets, loans and deposits volume, as well as with number of branches and ATMs (6,522 ATMs). As of 30 June 2021 its total assets volume is USD 76 billion, out of which 57% is loan portfolio; Deposit amount is USD 48 billion that constitutes 63% of total liabilities.
JSC Isbank Georgia currently has Tbilisi and Batumi branches serving corporate as well as individual clients with a wide range of banking products and services. Isbank Georgia's priorities are to promote close commercial and business ties between Georgia and Turkey, in collaboration with Parent company, as well as to develop the Corporate and SME business in Georgia.
SWIFT Code: ISBKGE22
Tax Info: 404496611
Bloomberg Dealing Code: ISGE