In July 2012, the Bank was registered by the National Bank of Georgia (NBG) as a branch of Türkiye İş Bankası and started its operations in Batumi. In August 2015, the 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 in authorized capital. As of December 31, 2023, its authorized capital is GEL 69.2 million, while the share capital is GEL 134 million.

Bank’s shareholder Türkiye İş Bankası is the leading Turkish financial institution, which was incorporated in Türkiye in 1924 and serves more than 15 million digital customers not only in Türkiye but also in Europe, the UK, Bahrain, and Iraq. As of December 31, 2023, the Bank operates with 1,066 branches in Türkiye and 22 branches in foreign countries: 15 branches in Turkish Republic of Northern Cyprus, 2 branches in the UK (London), 2 branches in Kosovo (Pristina and Prizren), 2 branches in Iraq (Erbil and Baghdad), and 1 branch in Bahrain (Manama).

In addition, Türkiye İş Bankası has three subsidiary banks: JSC Isbank Georgia (Georgia), Isbank AG (Germany), and JSC Isbank Russia (Russia). Isbank AG is represented by 8 branches in Germany and 1 branch in the Netherlands (Amsterdam); Isbank also has 2 representative offices, one in Shanghai, China, and another in Cairo, Egypt.

The Parent Bank is the largest private bank in Türkiye with total assets, loans, and deposits volume, as well as the number of branches and ATMs (6,312 ATMs). As of December 31, 2023, its total assets volume is USD 83 billion, out of which 47% are loan portfolios; the deposit amount is USD 56 billion, which constitutes 68% of total liabilities.

JSC Isbank Georgia currently has Tbilisi and Batumi branches, serving corporate and SME customers with a wide range of banking products and services. Isbank Georgia's priorities are to promote close commercial and business ties between Georgia and Türkiye in collaboration with Parent Company, as well as to develop corporate and SME businesses in Georgia.



Tax Info: 404496611

Bloomberg Dealing Code: ISGE