Global Banking & Finance Review Recognises Türkiye Finans Katilim Bankasi “Best Co-Branded Credit Card Turkey 2014”, Fastest Growing Commercial Bank Turkey 2014”, “Fastest Growing Retail Bank Turkey 2014” and “Fastest Growing SME Bank Turkey 2014”
Global Banking and Finance Review has announced Türkiye Finans Katilim Bankasi as the “Best Co-Branded Credit Card Turkey 2014”, Fastest Growing Commercial Bank Turkey 2014”, “Fastest Growing Retail Bank Turkey 2014” and “Fastest Growing SME Bank Turkey 2014” for the second consecutive year.
Global Banking and Finance Review awards Türkiye Finans Katilim Bankasi in recognition for its continuing efforts to deliver high quality products and services. “Türkiye Finans Katilim Bankasi continues to provide an effective array of alternative delivery channels offering innovative and high added value products, services, and solutions to a broad customer base in the commercial banking, SME banking, and retail banking segments. Their ongoing commitment to quality is evident by their increasing customer retention and growth,” said Wanda Rich, Editor of Global Banking & Finance Review
The awards honour companies that stand out in particular areas of expertise in the banking and finance industry. Türkiye Finans Katilim Bankasi was awarded “Best Co-Branded Credit Card Turkey 2014”, Fastest Growing Commercial Bank Turkey 2014”, “Fastest Growing Retail Bank Turkey 2014” and “Fastest Growing SME Bank Turkey 2014” because of the company’s outstanding achievements and growth and by scoring well in the following categories according to our judging panel:
- Extensive range of products tailored to meet customer needs
- Bonus card-specific advantages including ongoing campaigns and instalment options
- Increase in funds issued non-cash loan portfolio volume and collected funds of the bank.
- 2014 first quarter net profit increased 14% year-on-year
- Development of more than 30 innovative products/applications within last two years
- Investment in IT systems and critical infrastructure
A joint venture of the Boydak Group, the Ülker Group, and The National Commercial Bank (Saudi Arabia), Türkiye Finans is grounded Turkey’s deep-rooted knowledge of and experience with participation banking.
Türkiye Finans Katılım Bankası was founded following the merger of the companies Family Finans and Anadolu Finans, which belongs to the Boydak and Ülker Groups, two leading large groups in Turkey, in 2005.
A new period of tremendous change and transformation at Türkiye Finans began on 31 March 2008 when The National Commercial Bank (NCB) acquired a 60% stake in the company. By bringing together the strengths of the Boydak and Ülker groups, two of Turkey’s leading industrial conglomerates, with those of the Middle East’s most deeply-capitalized bank, capital structure and vision of this partnership resulted in its emergence as a leading player in the business of participation banking.
In previous years, Türkiye Finans had laid out a five-year plan under which it redefined its goals and growth roadmap. As called for in that plan, the bank is currently undertaking a variety of projects with a customer-oriented approach and carrying out important progress aimed at further developing its technological infrastructure, business processes and service approach.
As of end of 1st quarter 2014, Türkiye Finans was the hub of a powerful service platform consisting of 4,263 employees, 259 branches, and an effective array of alternative delivery channels that enables the bank to offer innovative and high added value products, services, and solutions to a broad customer base in the corporate & commercial banking, enterprise banking, and retail banking segments.
About Global Banking and Finance Review
The Global Banking and Finance Review Awards honour institutions that stand out in their particular area of expertise in the finance industry. They recognize achievement, challenge, progress and inspirational change in finance globally. Global Banking & Finance Review is an online portal which has evolved from the growing need to have a more balanced view for informative and independent news for the global banking and finance industry. It is reflected in the quality and in-depth insight provided by our experienced contributors in a clear and concise way. Global Banking and Finance Review brings together the entire fundamental and growth areas of finance and banking into one easy, informative and all-encompassing publication. We have objective and respected editorial contributions from all major sectors, such as Banking, Technology, FOREX Trading, Asset Management, Corporate Governance, Islamic Finance, Project Finance, Mergers and Acquisitions, Tax and Accounting and Inward Investment; all under one global umbrella. For Further Information please visit www.globalbankingandfinance.com