Bank Mellat Turkey provides a range of banking and financial services in Turkey. The company offers deposit products, including saving, commercial, official, and banks deposits. It is also involved in the placement of funds in time deposit accounts; placement of funds against government borrowing bills; utilization of funds in repo transactions; and granting of funds in loans. In addition, the company offers loans in the form of cash credits either in favor of companies or correspondent banks, including loans to entities, FX credits against export commitment, FX indiced TL credits against no export commitment, consumer credits granted in TL or FX, TL credits against acceptable collaterals, loans to banks, discounting of bank acceptance, and reimbursement credits; and non-cash credits on collaterals, such as cash covers, surety ships, mortgages, pledging of non-durables, and government bills and bonds. Further, it provides other banking services, such as transfers, letters of guarantee; avalization and acceptance; letter of credit; collection of cheques, promissory notes, drafts, and other payment instruments; foreign currency; and advisory services. Bank Mellat Turkey has three branches in Istanbul, Ankara, and Izmir. The company is based in Istanbul, Turkey. Bank Mellat Turkey is a subsidiary of Bank Mellat Iran.