Financial Services

​​​​​Albaraka Turk is an international bank whose mission is to bring added value to its clients, sh​areholders, employees, and to Türkiye itself. Currently, Albaraka Turk operates with a total of 215 branches.​​ Established in 1984, Albaraka Turk commenced operations in 1985, and since its inception has become a pioneer and leader of the interest-free financial system in Türkiye, introducing a breath of fresh air into the Turkish finance sector. Albaraka Turk was launched by the Albaraka Banking Group (one of the most prominent in the Middle East), the Islamic Development Bank (IDB), and a local industrial group that has been active in the Turkish economy for more than a half a century. The present shareholding structure, as of September 30, 2017, includes both foreign and local shareholders, who hold 65.87 percent and 9.05 percent of the shares, respectively. The total of publicly traded shares presently stands at 25.08 percent. The shareholding structure of Albaraka Turk guarantees the bank's confidence and high standing. The Dallah Albaraka Group, which has investments in similar banks, insurance and leasing companies, as well as other enterprises, has established a wide network of branches throughout many Islamic countries. This provides Albaraka Turk with a sound platform and the capacity essential for conducting business on a global scale. The new system of interest-free financial services pioneered by Albaraka Turk offers an alternative facility for savers who are sensitive to the subject of interest. Under this new system, the savings of the depositors are treated as investments, based on a profit and loss sharing philosophy. Today, the Albaraka Banking Group, to which Albaraka Turk is also affiliated, has 697 branches and representative offices in 15 countries. The Group's assets at the end of 2016 were USD 23.4 billion whereas Albaraka Turk's total assets, as of September 2017, reached TRY 33.83 billion. The most experienced participation bank in Türkiye, Albaraka Turk is continuing non-stop with its aim to increase the number of branches and is rapidly and robustly advancing towards its sustainable growth target. Thanks to its wide network of correspondent banks covering 1,000 banks in 80 countries from Singapore to the UK, from South Africa to China, from Australia to Kazakhstan, Albaraka Turk is providing fast, secure and quality foreign trade services.​

​​​​​​BNP Paribas, with an A/A-1 rating from Standard & Poor's, A+ from Fitch and Aa3 from Moody's, is one of the leading banks in the Eurozone in terms of profitability, capital size, and market value. BNP Paribas also has one of the largest international networks, with a presence in 74 countries and 193,000 employees worldwide, including 146,000 in Europe.BNP Paribas Group is organized around two activities: retail banking and services, comprising domestic markets and international financial services and corporate and institutional banking. Firmly anchored in Europe's economic history, BNP Paribas supports its customers and employees in today's changing world. Since 1848, it has grown through a succession of developments, both great and small, that have forged the identity of a group that is both stable and innovative.BNP Paribas has a long history in Türkiye, beginning with the Ottoman Bank (1920) and later followed by BNP Ak Dresdner (1996) and Anadolu Cetelem Consumer Finance (1998). In 2005, BNP Paribas became a 50 percent shareholder of TEB Mali Yatırımlar A.Ş., which owned 85 percent of Türk Ekonomi Bank A.S. (TEB), and consolidated its position within the country. Following the acquisition of Fortis Bank shares by BNP Paribas Group, TEB and Fortis Bank merged in Türkiye under the brand of TEB in 2011, and the bank has since continued to grow.Supported by the strong fundamentals of the Turkish market, TEB became more than an interesting investment opportunity - it became one of Türkiye's leading banks in terms of number of branches, size of assets, and the launch of new products. A much stronger Turkish bank has emerged thanks to the cooperation of BNP Paribas and TEB. While the number of branches was 75 in 2005, this increased to 515 by the end of 2016, and the number of employees reached 9,700.TEB, within the international banking network of BNP Paribas, particularly in the field of retail and commercial banking, offers various innovative, efficient, and effective products, together with services and solutions for a growing and varied customer group. The bank is taking decisive steps to continue its growth and to provide services in Türkiye thanks to the support and know-how of BNP Paribas. A significant indication of the strong collaboration with BNP Paribas is that TEB is involved in BNP Paribas' Trade Centers network, which is established in around 100 locations across 60 countries. Furthermore, this partnership has allowed TEB to establish Turkish units in those countries where Turkish entrepreneurs are operating and where BNP Paribas has a strong hand.BNP Paribas considers Türkiye to be a strategic country in which to expand its financial products. BNP Paribas Cardif, which carries out its activities through BNP Paribas Cardif Retirement, BNP Paribas Cardif Life Insurance, and BNP Paribas Cardif Insurance, invested in Türkiye in 2007 with 100 percent BNP Paribas capital and carved out a substantial share of the Turkish insurance market with the support of BNP Paribas' strong financial and technological infrastructure.​BNP Paribas Financial Leasing (created in 2011 following the merger of Fortis Leasing and TEB Leasing) is brokering the funding of investments in Türkiye as a subsidiary of BNP Paribas Leasing Solutions. It is also delivering its services to a wider population, thanks to the synergy formed between the BNP Paribas Group and the foreign sellers, as well as to the TEB's broad domestic network. Fully aware of its social responsibilities, through TEB, BNP Paribas is carrying on its support for education, the environment, and the public at large with various projects in Türkiye.​​

​​​​​​​​​The Industrial and Commercial Bank of China (ICBC) was founded on January 1, 1984. On October 27, 2006, it was successfully listed on both the Shanghai Stock Exchange and the Hong Kong Stock Exchange. In recent years, ICBC has transformed into a large-scale global finance group with 412 overseas branches in 42 countries and regions, as well as 127 subsidiaries in 18 countries and regions along the “Belt and Road".This steady development over the years has seen ICBC become one of the world's leading banks, with an excellent customer base, diversified business structure, strong innovation capability, and market competitiveness. It provides a wide range of financial products and services to 5.7 million corporate​ customers and 530 million personal customers worldwide. 2016 marked the fourth year in a row that it topped three authoritative rankings, securing its position as the first among the “Top 1000 World Banks" by the Banker, the first among the “Global 2000" by the Forbes, and the first among the sub-category of commercial banks by Fortune.Looking specifically at the bank's activities in Türkiye, on May 22, 2015, ICBC completed the equity acquisition of Tekstilbank, and now holds a 92.84 percent share in the bank. ICBC Türkiye Bank A.Ş., currently listed on Borsa Istanbul, has a total of 44 branches, a securities company, and an asset management company. It is engaged in corporate banking, commercial banking, SME banking, private banking, and personal banking activities.​Tekstilbank is ICBC's first merger and acquisition of a commercial bank on the European continent, and ICBC Türkiye Bank A.Ş. has thus become the first China-based commercial bank to operate in Türkiye and the surrounding region. ICBC Türkiye Bank A.Ş. leverages ICBC Group's global network of resources, and plays to its advantages of serving large customers, undertaking large project financing, and engaging in cross-border RMB transactions. Through its credit, investment banking, retail, payment transactions, clearing, and asset management products and services, ICBC Türkiye Bank A.Ş. offers comprehensive banking services to the local Turkish market, to China, and to customers in international markets. The bank intends to make large contributions to the development of the Turkish economy and Turkish society, as well as play a major role in the realization of the “Belt and Road" and “Middle Corridor" initiatives.​

​​​​​​​​​​​​Kuveyt Türk, since its foundation in 1989, has strived to be an industry leader in interest-free banking. It has adopted a research-oriented view of investment, and its tailor-made and customized banking, financing, and investment products satisfy the diverse needs and expectations of its customers. Ever increasing its market share, profitability, and fund size, Kuveyt Türk maintains stable growth year on year. As the largest participation bank in Türkiye, Kuveyt Türk offers services through its 392 branch offices throughout the country. The bank's growth between 2012 and 2017 in particular saw it add 170 new branch offices and create 1,600 new jobs. It employed a total of 5,600 staff by the end of 2017. Attaching foremost importance to technology and innovation, Kuveyt Türk has two R&D centers in Türkiye, located in Konya and Şekerpınar, Kocaeli. The centers employ around 100 people, and are leading the bank's efforts to switch banking transactions to mobile systems as much as possible, enabling customers to perform money transfers, bill payments, precious metal and foreign exchange transactions, stock trading, and other banking transactions easily at any place and free of charge. ​Some of Kuveyt Türk's recent initiatives include Senin Bankan (Your Bank), the first interest-free digital bank of the world; the XTM Branch Office, which combines all of the functions of a branch office into a state-of-the-art ATM; and the ability to withdraw money from ATMs using QR codes generated through its mobile app.​

​​​UniCredit, whose core banking unit was founded in 1870 but who can also trace roots back to 1473 through subsequent banks that joined the group, is a Pan-European commercial bank with fully plugged in corporate and investment banking (CIB) that delivers a unique Western, Central, and Eastern European network to an extensive base of 25 million clients across 14 core markets and a total of 18 countries. UniCredit’s European banking network includes Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Slovakia, Slovenia, Serbia, and Türkiye, where the strategic position in Western, Central, and Eastern Europe enables it to command one of highest market shares in the region.UniCredit took the decision to enter the Turkish banking sector in 2001, and accordingly formed a 50:50 joint venture with Koç Holding within Koç Financial Services (KFS). At the time, KFS owned Koçbank, the 8th largest bank in Türkiye. In 2005, KFS decided to reinforce its position in the sector by acquiring Yapı Kredi. Yapı Kredi and Koçbank merged in 2006 to form the new Yapı Kredi, which became the 4th largest private bank in Türkiye.Yapı Kredi was founded in 1944 as Türkiye’s first private bank with a nationwide presence. Since its inception, Yapı Kredi has maintained a strong reputation in the banking sector through leveraging its customer centric approach, dedication to innovation, and contribution to the development of Türkiye’s finance sector. Yapı Kredi is consistently recognized as the best bank in Türkiye by various prestigious institutions, including The Banker and World Finance.The bank provides high-quality products and services to its loyal and diversified customer base of more than 13 million through a widespread service network. As of September 2017, Yapı Kredi’s network consists of 925 branches covering all regions in Türkiye, supported by a young and dynamic employee base of more than 18,200 people. In addition, Yapı Kredi has advanced alternative delivery channels (ADCs), which handle 86 percent of total banking transactions. These ADCs are comprised of approximately 4,250 ATMs, innovative internet banking, leading mobile banking, and two award winning call centers. Yapı Kredi is a fully integrated financial services group, reinforced by domestic and international subsidiaries.Yapı Kredi also incorporates a department of International & Multinational Banking (IMB), which is dedicated to the management of banking relations with companies of international and multinational ownership. IMB also supports Yapı Kredi’s Turkish clients with their investments abroad, through the extensive UniCredit network in Europe and CEE markets, which facilitates banking transactions and supports business development efforts in countries where UniCredit has presence.​