Turkey is a member of the Organization for Economic Cooperation and Development. As such, its banking regulations do not vary significantly from those of the U.S. and European Union. The Central Bank of Turkey and Banking Regulating and Auditing Commission oversee banking activities within the country.

Foreigners are able to open bank accounts in Turkey, as they are often requirements for establishing a business or purchasing property in the country. Turkish Banks.com provides a comprehensive listing of banks in Turkey.

A number of Turkish and foreign commercial and investment banks can help finance foreign investment projects in Turkey. The Export-Import Bank, USDA’s Commodity Credit Corporation, World Bank /International Bank for Reconstruction and the Overseas Private Investment Corporation (OPIC) also offer a variety of credit and financing options for U.S. businesses. Additionally, OPIC’s small business centers can assist small- and medium-sized businesses with their international investment activities.

The U.S. Commercial Service offers a wealth of information about banking and financial resources. You can also download the U.S. Commercial Service’s Guide to Doing Business in Turkey for more detailed information about financing issues in Turkey.

Source: U.S. Commercial Service’s Guide to Doing Business in Turkey