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What Banks in Turkey Paid its Staff the Most in 2017?

Top Banks by Cost Per Employee (TRY per month)
Banking | Turkey | June 30, 2018
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Excel Sheet

Based on a comparison of 22 banks in Turkey in 2017, Isbank was paying its employees the best, followed by Turkland Bank and Garanti Bank.

Isbank employed 24,836 persons in 2017, down 0.656% when compared to the previous year. Historically, the bank's workforce hit an all time high of 25,157 persons in 2015 and an all time low of 14,873 in 2002.

Average cost reached TRY 14,863 per month per employee, 6.62% more than a year ago. This figure was TRY 4,657 per month some 10 years ago.

Staff accounted for 34.7% of total operating expenditures in 2017.

Comparing Isbank with its closest peers, Turkland Bank had 523 employees with average cost of TRY 14,775 per month per person, Garanti Bank operated with 18,851 people (and TRY 14,172 per month per employee) and Odea Bank had 1,800 employees in 2017 with cost of TRY 13,771 per month per head.

You can see all the banks cost per employee data on the Cost Per Employee indicator page or you can download a report on the Turkish banks in the report section.