Under these circumstances which are expected to continue
in 2014, private sector will be as responsible as regulatory
authorities for taking measures to minimize the effects of
possible global fluctuations on the national economy. In this
framework, maintaining fiscal discipline, robust macroeconomic
indicators and the strength of the banking sector will be crucial.
In the difficult period upcoming, İşbank will focus on cementing
its place in the financial life of enterprises and individuals by
applying modern banking practices as well as fulfilling all of
its duties to maintain Turkey’s macroeconomic stability and
sustainable growth.
I would like to take this opportunity to thank the İşbank family,
who contributed to the achievement of our 2013 performance,
and our stakeholders who have supported us. With our
shareholders being in the first place, the trust and support of
all our stakeholders will continue to lead us towards our 100
th
anniversary.
Sincerely,
While developed countries have weakened in the face of global
competition, emerging countries that have been trying to chase
developed countries for many years have spurted to narrow
down the difference.
While these happening in the world, all of these developments
affected our country, which has become an important part of
the global economy on different scales.
İşbank has been a corporation that has maintained its
successful movement with sound steps in this process. The
success which is sustainable and achieved in a competitive
environment while adding value to our stakeholders is the
result of a corporate culture which allows İşbank to act
innovatively, and flexibly depending on market conditions, while
preserving its values.
About tomorrow
The global economy has been undergoing a process of re-
balancing since 2008. We are going through a conjecture which
is both unusual and risky, where countries and enterprises
have to quickly take decisions due to the changing conditions.
In 2013, the pace of decoupling between developed countries
and developing countries slowed down, and the dynamics
shifted to a new dimension. The indications of a recovery in
the U.S. showed signs of a change in monetary policy. This led
to an increase in capital outflows from developing countries,
especially starting from the second half of 2013. In the same
period, developing countries’ currencies, including the TL,
depreciated significantly and risks to the growth performance
and vulnerabilities of these countries came to the agenda.
Adnan Bali
Chief Executive Officer
In brief
İşbank is aware of the
importance of the proper
allocation of resources.
İşbank’s success is an outcome
of its corporate culture.
İşbank will focus on
performing its duties for the
growth and stability of Turkey
in the coming period as well.
Activities
21
İşbank
Annual Report 2013
