Know The Bank
Introduction to Cyprus Iktisat Bank Ltd.
Established in 1990 by entrepreneurs from the Turkish Republic of Northern Cyprus (TRNC), Cyprus Iktisatbank Ltd. has, as of 2025, grown to employ 260 personnel, operating through 16 branches across the TRNC. With a world-class mobile banking application and an expanding network of 26 ATMs, the Bank is committed to delivering fast, uninterrupted, and 24/7 service to its valued customers.
Pioneering many firsts in the TRNC banking sector, Iktisatbank introduced the first closed-loop store card, the Advantage Card, in 2002, and the same year launched Telephone Banking Services as a local innovation. On March 5, 2003, it issued the first internationally valid credit card (Smartcard) originating from the TRNC. Additionally, it introduced ATM Banking services in 2003, Internet Banking in 2004, and Call Center Services in 2006, marking significant milestones in the country's banking history.
With a strong, transparent service policy and a team of highly specialized professionals, Iktisatbank has, by 2025, solidified its position as a prominent institution in the TRNC banking sector. Driven by a customer-centric approach, innovative solutions, a strong commitment to technology, and sustainable growth strategies, the Bank continues to strengthen its leadership within the industry.
Our Vision
To become the bank with the highest capital profitability operating at "world standards" in the TRNC, distinguished by excellence in all our activities. To be a leader, pioneer, and trusted institution, and the preferred choice for both customers and employees.
Our Mission
To continuously and significantly enhance the value we deliver to our customers, shareholders, employees, society, and the environment through our effectiveness, agility, and organizational efficiency.
Our Core Values
"Reliability..."
We are firmly committed to upholding the highest standards of reliability, the cornerstone of financial services. In all our operations, we ensure full compliance with national and international regulations, adhering to ethical principles and transparency. Safeguarding our customers’ assets, creating secure financial environments, and fostering long-term relationships are among our top priorities.
"Customer Orientation..."
Placing customer satisfaction at the heart of all our service processes, our Bank is dedicated to offering financial solutions that best meet our clients’ needs and expectations. Through a robust technological infrastructure, an expert team, and an innovative approach, we strive to deliver seamless, fast, and reliable banking experiences.
"Innovation and Technology..."
Our Bank aims to provide customers with fast, secure, and efficient banking services aligned with global standards by continuously investing in digital transformation and innovative financial technologies. With the launch of our new mobile application in December 2024, we offer a professional, world-class user experience. Our strong technological foundation supports the continuous enhancement of our digital banking services, as we actively monitor industry developments to help shape the future of banking.
"Social Responsibility..."
We view social values and sustainable development goals as integral components of our business strategies. Accordingly, we act in alignment with environmental principles and prioritize societal benefit. Through initiatives in education, environment, and social development, we aim to contribute positively to all segments of society. In particular, we are dedicated to supporting children in education and healthcare to build a sustainable future for our country.
"Expert Workforce..."
Recognizing that our greatest asset is our dedicated employees, we support their career development by offering equal opportunities for growth. Through tailored Human Resources policies, we meticulously plan and manage the career paths of our team members to ensure they achieve their professional aspirations.