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İktisatbank

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İktisatbank is a leading bank in Northern Cyprus, established in 1990, offering private and corporate banking services.

Last updated September 1, 2026

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Overview

İktisatbank, established in 1990, is a leading bank in Northern Cyprus, offering private and corporate banking services with branches across the country. It has pioneered various products and services, including the first credit card in Northern Cyprus and the first internet banking facility.

History

İktisatbank was established in 1990. In 2002, it introduced the Lemar Advantage Card and telephone banking services. In 2003, it introduced its Credit Card, the first credit card in Northern Cyprus, and launched a network of ATMs across the country. In 2004, it was the first to launch an internet banking facility. In 2006, it launched the first call center with banking transaction in Northern Cyprus and opened an English-speaking Department at its Kyrenia branch. In 2012, the department became the Multicultural Banking Department and the service was extended to all branches in Kyrenia and Famagusta. In June of that year, a Russian-speaking representative joined the team.

Products and positioning

Leading bank in Northern Cyprus, pioneering in introducing new products and services.

  • Lemar Advantage Card

    Introduced in 2002.

  • Credit Card

    First credit card in Northern Cyprus, introduced in 2003.

  • Internet Banking

    First internet banking facility launched in 2004.

  • Call Center

    First call center with banking transaction in Northern Cyprus, launched in 2006.

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