Bank Asya was established in October 24, 1996 with its head office in Istanbul, as the sixth private finance house of Turkey. The company's name, which had been previously "Asya Finans Kurumu Anonim Şirketi" (Asya Finance Incorporated Company), was changed into "Asya Katilim Bankasi Anonim Şirketi" (Asya Participation Bank Inc.) on December 20, 2005. Bank Asya carries out its activities with 182branches, 2 national and 1300 foreign correspondent banks besides the head officeunits as of May 2011. On 22 July 2016, BDDK cancelled Bank Asya's banking permissions within 2016 purges.