In the Turkish Republic of Northern Cyprus, there are numerous banks. international banking units, public banks, private banks, and foreign banks. Simply present your passport and a copy of your rental or purchase contract to open a bank account in Cyprus.

List of Banks in North Cyprus

All banks, including foreign bank branches, private banks, and International Banking Units, are governed by the Turkish Republic of Northern Cyprus’s formed Central Bank. Under international banking laws, this institution audits and oversees all of these banks. All banks comply to KYC and AML requirements, are governed by the Ministry of Economy and Energy, and are supervised by the Central Bank.

International Banking Units (I.B.U.)

• Fortress Bank (Fortress Bank license has been revoked in 2021)

Public banks

• Cyprus Vakıflar Bank

Private banks

• Akfinans Bank
• Asbank
• Creditwest Bank
• Cyprus Turkish Cooperative Central Bank
• Denizbank Ltd.
• Limassol Turkish Cooperative Bank
• Near East Bank
• Şekerbank (Kıbrıs)
• Turkish Bank
• Universal Bank (TRNC)
• Viyabank
• Nova Bank

Branches of foreign banks in North Cyprus

• Garanti Bankası
• Halk Bankası
• Oyak Bank
• Türk Ekonomi Bankası
• Türkiye İş Bankası
• Ziraat Bankası

Development and investment banks

• Development Bank of the TRNC

Banks under Savings Deposit Insurance Fund (S.D.I.F.)

• Asia Bank
• Cyprus Commercial Bank
• Erbank
• Industrial Bank of Kıbrıs
• Rumeli Bank
• Tilmo Bank
• Yasa Bank