İŞBANK ANNUAL REPORT 2014

İŞBANK

ANNUAL REPORT 2014

SUBSIDIARIES

Financial subsidiaries enrich İşbank’s products and services

range.

İşbank Group is a leading integrated

financial services group with domestic

and overseas subsidiaries in financial

and non-financial sectors.

Since its establishment in 1924, İşbank has

acquired equity stakes in a total of 293

companies, and has divested itself of 268

of them over time. As of year-end 2014, the

Bank had direct participations in 25 firms,

and has direct or indirect control in 104

companies.

75%of İşbank’s participations portfolio

is traded on the Borsa İstanbul National

Market.

Constituting 75% of İşbank’s equity stake

portfolio, Türkiye Sınai Kalkınma Bankası

A.Ş., Anadolu Hayat Emeklilik A.Ş., İş Finansal

Kiralama A.Ş., İş Gayrimenkul Yatırım

Ortaklığı A.Ş., İş YatırımMenkul Değerler A.Ş.

and Türkiye Şişe ve Cam Fabrikaları A.Ş. are

publicly listed companies and their shares

are traded on the BIST National Market.

The ratio of the participations portfolio in

İşbank’s total assets stood at 4% at end-

2014.

An equity stake policy focused on

efficiency and profitability

İşbank places great importance

on enhancing the efficiency of its

participations portfolio during the portfolio

management process and when making

equity investment decisions. In line with

this investment strategy, İşbank follows

investment opportunities that offer growth

and high profit potential in the finance

sector.

Finance

İşbank has financial services subsidiaries

that are active in business lines such as

banking, insurance, private pensions, capital

market brokerage, portfolio management,

venture capital, factoring, reinsurance,

financial leasing, asset management,

securities investment trust, investment

banking and real estate investment trust.

Financial services subsidiaries enrich the

range of products and services offered by

the Bank to customers in different business

lines while also creating complementary

and cross product delivery and sales

opportunities.

TSKB

Turkey’s first private investment and

development bank

One of the pioneers of the Turkish banking

sector, Türkiye Sınai Kalkınma Bankası A.Ş.

(TSKB) has been playing a continuous and

indispensable role in Turkey’s economic

development since it was founded in

1950. The bank continues to contribute to

sustainable value for stakeholders and the

national economy with a strong economic,

environmental and social performance.

TSKB offers a wide range of services,

principally corporate finance services

including investment loans, project finance,

financial leasing and investment banking.

Providing significant contribution to the

sustainable development of the Turkish

economy through long-term funding

of investment projects and customer-

specific consultancy services, TSKB takes

into consideration the environmental

impact of the loans it extends. The bank

provides resources for renewable energy,

energy efficiency, sustainable tourism,

environmental and SME investments in a

variety of sectors by making use of lines

of credit obtained from supranational

agencies.

Named the “Eastern European Regional

Sustainable Bank of the Year” at the

Sustainable Banking Awards, conducted

jointly by the Financial Times and the

International Finance Corporation (IFC),

TSKB extended its success within the

context of the same award, having been

ranked within three most successful

European banks in terms of sustainability

in 2013.

Winning acclaim in both categories by

being ranked among the highest rated

companies in terms of “Transparency” and

“Performance” ratings within the 2013 CDP

(Carbon Disclosure Project) Turkey Climate

Change Leadership Awards, TSKB was also

awarded by the international audit firm, BSI,

thanks to its environmental management

system.

At the end of 2013, TSKB became the first

Turkish bank to issue a Global Reporting

Initiative (GRI A+) approved sustainability

report.

TSKB uninterruptedly adopted the

principles of corporate governance since

its establishment. In October 2014, TSKB’s

corporate governance rating was raised

to 9.44 out of 10. At the same time, TSKB

once more received “The Highest Rated

Company in terms of Corporate Governance”