39
Activities
A loan amounting to USD 45 million with
a maturity of one-year was used in three
installments through the Bank’s Qatar
correspondent, Doha Bank, in order to
finance foreign trade.
İşbank raises the Bank’s international
recognition via SIBOS meetings.
İşbank attended SIBOS (SWIFT International
Banking Operations Seminar) events and
meetings which are organized by SWIFT
(Society for Worldwide Interbank Financial
Telecommunication) in Singapore between
12-15 October 2015. These events and
meetings are held in different countries
every year. İşbank participated in SIBOS
with its own stand for the eighth time and
attracted a great deal of attention. In the
course of the meetings held during the
SIBOS event, İşbank conducted corporate
promotion activities, shared information
about the Bank’s products and services,
and evaluated mutual cooperation
opportunities with 110 different
institutions from 45 different countries.
İşbank’s international service quality
has been recognized for its excellence
with awards it has received.
İşbank continuously works to further
enhance its high service quality in relation
to customers’ international money
transfers.
Thanks to high straight through processing
rates, in parallel with the Bank’s technology
investments in this field, İşbank was
once again awarded by its correspondent
institutions in 2015. Commerzbank AG,
Citibank NA, HSBC Bank Plc and Wells Fargo
Bank NA presented STP (Straight Through
Processing) quality awards to İşbank.
Thanks to the diversity of products that
İşbank obtained fromWells Fargo Bank,
the Bank received the “USD Cross-Product
Usage Award”. Furthermore, the Bank
was also awarded by Commerzbank for
its enhanced inter-bank collaboration and
overall improvements in foreign trade and
bilateral relations during 2014 with “Trade
Finance” award.
İşbank had a successful year in
obtaining external funds
İşbank obtained syndicated loans
amounting to approximately USD 2.6 billion
through agreements signed in May and
September 2015. Through these funds
the Bank continued to support the trade
finance transactions of companies in the
real sector and kept contributing to the
development of Turkish economy.
Effective use of the Global Medium
TermNote (GMTN) Program
İşbank established a GMTN Program in 2013
to facilitate the issuances of borrowing
instruments in different currencies and
different maturities in international
markets and hence provide flexibility and
diversity to its borrowing sources. The
programwas updated in 2015 by increasing
the program limit to USD 7 billion. In 2015,
through the program, 131 Eurobond
issuances to individual investors (private
placements) amounting to USD 2.1 billion
were finalized in debt capital markets.
USD 776.2 million financing under the
securitization of diversified payment
rights
As part of the Diversified Payment Rights
(DPR) securitization program, İşbank
obtained funds amounting to USD 776,2
million in total, consisting of seven tranches
through two transactions on 30 March and
30 October 2015.
Mizuho Bank, Société Générale, Standard
Chartered Bank and the European Bank for
Reconstruction and Development (EBRD)
participated in the transaction completed
on 30 March 2015. USD 55 million of
the total of USD 130 million provided by
EBRD will be used for the financing of
women entrepreneurs within the “Women
in Business Program”. Meanwhile, the
remaining part, USD 75 million, will be used
to finance housing energy efficiency loans
under the “Residential Energy Efficiency
Financing Facility”.
The investor of the transaction dated
30 October 2015 was the European
Investment Bank (EIB). 70% of the total
resource of USD 221 million, provided with
a final maturity of 10 years, will be used
to finance companies having up to 500
employees, while the remaining 30%will
be used to finance companies that have up
to 3,000 employees.
USD 100million of funding resources
generated from abroad.
On 30 March 2015, İşbank obtained a loan
facility amounting USD 100 million from
abroad, half of which has a maturity of one
year while the other half has a maturity of
two years.
İşbank’s international service quality was awarded by its
correspondent banks once again in 2015.
