|Kuwait Turkish Participation Bank||220||1989||Turkey||N/A||N/A||N/A||Foreign|
|Standard Chartered Bank Turkey||2003||Turkey||N/A||N/A||N/A||Foreign|
|Ziraat Bankasi||1642||1888||Turkey||8.25%||Deposits||1 month||N/A|
|HSBC Turkey||307||1990||Turkey||9.20%||Deposits||6 month||Foreign|
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Turkey is located between the continents of Europe and Asia. The Turkish economy ranks 16th in the world with a GDP PPP of $880 billion (USD) according to the IMF in 2009. A bank deposit that is held for a fixed term is called a time deposit in Turkey. According to CIA.gov its inflation was 10.4% in 2008 and 6.3% in 2009.