Yapi Kredi Bank Moscow is the first Turkish Bank in Russia. Introduced as a Representtative Office in 1988, by 1993 it was granted General License. The representation office was primarily engaged in providing services to Turkish builders who worked in the Russia. The Bank provides the whole range of banking services in its head and subsidiary offices. The bank is a member of the Russian Banks Association and Chamber of Commerce and Industry. Yapi Kredi Bank Moscow is a wholly-owned subsidiary of Yapi Ve Kredi Bankasi, one of the largest private banks in the Republic of Turkey.