Millî Reasürans is the only local reinsurer in the
Turkish insurance market.
On a consolidated basis, TSKB recorded TL 2.0 billion in
shareholders’ equity and TL 13.4 billion in total assets at the
end of 2013. In October 2013, Fitch upgraded TSKB’s long-term
local currency IDR rating from “BBB-” to “BBB” with a ‘Stable’
outlook while affirming its “AAA (tur)” long-term national credit
rating.
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 through
17 branches, 13 of which are located in Germany with one each
in the Netherlands, France, Switzerland and Bulgaria. As of the
year- end of 2013, İşbank Germany had EUR 917 million in total
assets and EUR 130 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 at 12 points in Russia
İşbank Russia, operating in Russia, was acquired and added to
İşbank’s participations portfolio in April 2011 to develop and
expand İşbank‘s international banking activities.
With 290 employees on its payroll at the end of 2013, İşbank
Russia operates with a total of 12 service points in the cities
of Moscow, Balakovo, Saratov, Saint Petersburg, Samara and
Novosibirsk.
As of September 2013, İşbank Russia had USD 263.3 million
in total assets and shareholders’ equity of USD 76.2 million
on an unconsolidated basis, according to Russian accounting
standards.
Anadolu Hayat
Turkey’s leading private pension company
Turkey’s first life insurer, Anadolu Hayat Emeklilik A.Ş. (Anadolu
Hayat Emeklilik) is the only publicly-held company operating in
the country’s private pension and life insurance sector.
At the end of 2013, Anadolu Hayat had achieved the highest
contribution and largest volume of private pension assets under
management, with assets worth TL 7.9 billion and shareholders’
equity of TL 540 million on a consolidated basis.
Anadolu Sigorta
The pioneer company of Turkish insurance sector
Operating in non-life insurance branches, Anadolu Anonim
Türk Sigorta Şirketi (Anadolu Sigorta) is one of Turkey’s leading
general insurance companies. At the end of 2013, the company
posted TL 2.7 billion in premium production, while recording
TL 3.0 billion worth of assets and TL 653 million in shareholders’
equity on a consolidated basis.
İşbank controls Anadolu Sigorta indirectly through its
reinsurance subsidiary, Millî Reasürans.
Millî Reasürans
Uninterrupted reinsurance services since 1929
Millî Reasürans T.A.Ş. (Milli Reasürans), the -deep-rooted
reinsurance company in the Turkish reinsurance sector, was
founded in 1929.
A.M. Best, one of the world’s most respected insurance industry
rating agencies, has affirmed Milli Reasürans a financial
strength rating as “B+ (April 2013)”, while Standard & Poor’s
Milli Reasürans national credit rating is “tr AA+ (July 2013)”. In
line with its strategy of bringing the reinsurance knowledge and
experience acquired in its domestic market into the global arena,
Milli Reasürans opened a branch in Singapore. By the end of
2013, the premiums collected from abroad accounted for 24%
of the company’s total premium collection. At the end of 2013,
the company had TL 4.4 billion in total assets and shareholders’
equity of TL 976 million, on an unconsolidated basis.
Activities
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İşbank
Annual Report 2013
