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Activities
Anadolu Hayat Emeklilik A.Ş. was the first private
pension provider to reach a total of 1 million participants.
TSKB received the Low Carbon Hero Award
from the Sustainable Production and
Consumption Association (SÜT-D) in 2015.
TSKB uninterruptedly adopted the
principles of corporate governance since
its establishment. In October 2015, TSKB’s
corporate governance rating was raised to
9.52 out of 10. At the same time, in addition
to years 2012 and 2014, TSKB once more
received “The Highest Rated Company
in terms of Corporate Governance”
designation from the Corporate Governance
Association of Turkey (TKYD). TSKB ranked
second in the “Best Corporate Management
Rating” category at the Fifth Corporate
Governance Summit organized by the
Turkish Corporate Governance Association
in January 2016. TSKB, which is included
in the Borsa İstanbul Stock Exchange
Corporate Governance Index, was the
company with the highest score in the 2015
Corporate Reporting Transparency Study.
In addition, TSKB was awarded the prize
of “2013 - Best Corporate Governance in
Turkey” by the UK-based financial magazine
World Finance.
On a consolidated basis, TSKB recorded TL
2.8 billion in shareholders’ equity and TL
21.4 billion in total assets at end-2015. In
October 2015, Fitch confirmed TSKB’s long-
term local currency IDR rating “BBB” with
a “stable” outlook while affirming its “AAA
(tur)” long-term national credit rating. On
23 October 2015, Moody’s affirmed short-
term and long-term foreign currency and
local currency ratings and foreign currency
issuer rating and their outlooks. Besides,
the Bank’s baseline credit assessment was
changed from ‘ba1’ to ‘ba2’.
İşbank Germany
A leading financial institution in
Europe with Turkish capital
Founded by İşbank in 1992 in Germany to
engage in commercial banking in Europe,
İşbank Germany is today regarded as one of
the leading financial institutions in Europe
with Turkish capital.
Headquartered in Frankfurt, İşbank Germany
operates at 17 branches, 13 of which
are located in Germany, with one each
in the Netherlands, France, Switzerland
and Bulgaria. As of September, 2015,
İşbank Germany had EUR 1,095 million in
total assets and EUR 137 million in total
shareholders’ equity on an unconsolidated
basis. İşbank Germany provides trade
finance, corporate banking and retail banking
products and services to customers both
in Turkey and Europe, as well as financing
services for real estate properties in Turkey.
İşbank Russia
Serving customers at 11 locations in
Russia
İşbank Russia, operating in the Russian
Federation, was acquired and added to
İşbank’s participations portfolio in April 2011
to develop and expand İşbank‘s international
banking activities.
With 292 employees on the payroll at end-
2015, İşbank Russia operates with a total of
11 branches in the regions of Moscow, Saint
Petersburg, Volga, Novosibirsk and Tatarstan.
As of September 2015, İşbank Russia
had USD 361 million in total assets and
shareholders’ equity of USD 87 million on an
unconsolidated basis, according to Russian
accounting standards.
İşbank Georgia
Restructuring of İşbank in Georgia
İşbank’s Georgia network, which consists
of Batumi and Tbilisi branches, began its
operations under the umbrella of “İşbank
Georgia” as of 3 August 2015. This entity’s
capital is fully owned by İşbank and it
operates on the basis of a banking license
obtained from Georgian authorities.
As of end-2015, İşbank Georgia employed
33 personnel in total and provides its
services via its branches in Batumi and
Tbilisi.
As of end-September 2015, the Bank
reported total non-consolidated assets of
USD 85 million and shareholders’ equity of
USD 13 million.
Anadolu Hayat
First publicly held life insurance, and
private pensions company
Turkey’s first life insurer, Anadolu Hayat
Emeklilik A.Ş. (Anadolu Hayat) is the first
publicly-held company operating in the
country’s private pension and life insurance
sector.
At the end of 2015, Anadolu Hayat
had achieved the highest number of
contributor, with assets worth TL 11.9
billion and shareholders’ equity of TL
783 million on a consolidated basis. The
Company was the first private pension
provider to reach a total of 1 million
participants as of November 2015.
