It provides retail and commercial banking services to individuals and businesses in Turkey, together with related financial products such as insurance and asset management.

It was a financial subsidiary of OYAK Holding (Turkish Army Members Solidarity Fund) between 1993 and 2007.

US-based First National Bank of Boston opened a branch in Istanbul, Turkey in 1984.

The bank has operated independently since 1990 with three companies owning majority stakes: Alarko, Cerrahoğlu and Oyak.

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