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One of the world’s oldest banks, U.K.-based Barclays, is preparing to begin operations in Türkiye after its Turkish brokerage arm was authorized by the market regulator.
According to the Capital Markets Board’s decision, the new entity was granted permission to operate as a "partially authorized intermediary institution," enabling it to handle buy and sell transactions in capital market instruments listed on Borsa Istanbul and to provide custody services within defined limits.
The approval followed the bank’s earlier application to establish a fully owned brokerage subsidiary in Türkiye, which the board initially authorized on Mar. 27, 2025, before later reviewing the firm’s request to begin operations under the partial authorization framework.
With the latest clearance, the British lender will operate in the market through its subsidiary, Barclays Menkul Degerler AS.
The bank currently does not operate a branch in Türkiye.
Barclays PLC is a British multinational universal bank headquartered in London, with roots dating back to a goldsmith banking business established in 1690. The group operates across retail, corporate and investment banking, wealth management, credit cards and other financial services in more than 40 countries, employing tens of thousands of people worldwide.
In 2024, Barclays reported total revenue of about $34.23 billion and held approximately $1.94 trillion in total assets.
According to the latest data from the Turkish Capital Market Association, 125 institutions are registered with Borsa Istanbul, including 69 brokerage houses and 56 banks, operating in a $439.41 billion market.
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