OYAK ANKER Bank GmbH

OYAK ANKER Bank GmbH is a German private bank based in Frankfurt am Main and owned by the OYAK Group, a Turkish pension fund. It operates mainly as a direct bank with a focus on retail savings and consumer lending, offering products such as call money and fixed-term deposits for savers and installment loans for private customers; selected financing solutions are available for business clients. Accounts and loans are typically opened and managed online using standard German identification procedures, and customer service is provided via digital and telephone channels, with limited branch presence. Pricing and interest conditions are set out in the bank’s price and service schedule and are subject to change with market rates; deposit interest is subject to German tax rules. The institution is licensed under the German Banking Act, supervised by BaFin and the Deutsche Bundesbank, and participates in the German statutory deposit guarantee scheme (Entschädigungseinrichtung deutscher Banken), which covers eligible deposits up to 100,000 euros per depositor. The product scope is narrower than that of universal banks, so prospective customers should consider whether the available offerings and direct-only model match their requirements and compare conditions with alternatives.