Banks are financial intermediaries that attempt to make profits in intense competition. The ambition to
make profits can cause banks to ignore social and environmental factors. In such a case, banks appear to
approach people, the environment, and businesses unethically in the long run through unfair competition,
unfair policies, and practices that do not care about human values. Ethical banking aims to avoid the damages caused by traditional banks and to make a difference with its transparent and accountable structure, such as where and how savings are used. The aims of this study are to explain ethical banking and its differences from traditional banking and to discuss the applicability of ethical banking in Turkey.