According to a statement from FIBA, each country will host a group phase with Turkey also hosting the final phase.
Recently, Turkey hosted the 2010 FIBA Basketball World Cup and the 2014 FIBA World Championship for Women.
"Turkey will host both their Group Phase group and the Final Phase in Istanbul in Abdi Ipekci Arena and Sinan Erdem Arena respectively," FIBA said.
It is Finland's second time hosting a EuroBasket championship, having first seen the competition in 1967.
For Israel and Romania it will be their first time in hosting the tournament.
FIBA Europe president and the honorary president of the Turkey Basketball Federation, Turgay Demirel, said:
"I have no doubt that by organizing a high-level championship under the leadership of Harun Erdenay (president of the Turkish Basketball Federation), we will introduce in the best way Turkey and Turkish basketball to the fans all over the world."
