Corporate Banking

İktisatbank's Most Ambitious Commercial Banking Services for Your Business's Financial Needs in Northern Cyprus

Kıbrıs İktisat Bankası Ltd. offers commercial banking services that meet, under one roof, the financing, account management, payment and risk management needs of small and large businesses operating in Northern Cyprus. From tradespeople and SMEs to tourism businesses and agricultural and livestock producers, companies across many sectors can use İktisatbank's commercial products to manage their daily cash flow, invest, carry out foreign trade transactions securely and grow their card sales.

On the financing side, İktisatbank provides corporate loan options shaped around the short- and long-term needs of businesses. With a corporate overdraft account linked to your current account, cheque and bill payments can be made without delay. Interest-subsidized loan opportunities are also available for accommodation investments in the tourism sector.

For businesses looking to make the most of their company savings, corporate deposit and investment products offer demand and time deposit account options in Turkish lira and foreign currencies. Everyday transactions such as money transfers, EFTs and bill payments can easily be made through demand deposit accounts, while time deposit accounts can also be opened via İktisatbank Internet Banking without visiting a branch.

Corporate cash management solutions aim to reduce the workload and transaction costs of businesses by speeding up collection and payment processes with technology. With the salary payment service, employee salaries are transferred to their accounts on time and securely in Turkish lira or foreign currency.

To protect business assets and operations against unexpected risks, İktisatbank offers commercial insurance services through the insurance companies for which it is an authorized agency. Policies such as workplace, liability, cargo and engineering insurance can cover fire, theft, natural disasters, damage during transportation and liabilities towards third parties.

Companies trading internationally can also carry out their external trade transactions through İktisatbank. In addition to payment methods such as advance payment, cash against goods and cash against documents, letter of credit and external guarantee services strengthen trust between buyer and seller and reduce payment risk in imports and exports.

As card payments become more common every day, CardPlus POS merchant services enable businesses to easily accept credit card, debit card and contactless payments. Mobile POS, which allows sales from any location, and cash register POS, which combines sales and checkout operations in a single device, speed up sales processes and provide instant sales tracking.