İŞBANK ANNUAL REPORT 2014

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İŞBANK ANNUAL REPORT 2014 44
SUBSIDIARIES
A leader in almost every market in which it
operates, İş Yatırım has been maintaining a
leading position on the BIST Equity Market
for 12 years, and on the Futures and Options
Market for 10 years. Furthermore, the
company has the highest market share in
terms of issuance and public offerings of
equities and private sector debt instruments
since it was established; market leader in FX
(forex) market, which is quite a newmarket.
İş Yatırım, which designs strategies for
investors based on high quality information,
uses technology efficiently and develops
innovative products and services. Due to
the company’s superior success in capital
market activities, it was named “Best
Investment Bank in Turkey” and “Best
Broker in Turkey” at the European Banking
Awards held by EMEA Finance in 2014. In
addition, İş Yatırımwas selected the “Best
Mergers and Acquisitions Advisor in Turkey”
at the Euromoney Awards for Excellence
organized by Euromoney; and the “Most
Admired Investment House” by the Capital
Magazine survey. Moreover, İş Yatırım
received the ETİKA Turkey Ethics Award.
In the assessment report prepared by JCR
Eurasia Rating in September 2014, the
company’s CMB Corporate Governance
rating was revised from 8.81 to 8.91.
Given a “AA+” long-term national credit
rating by international credit rating agency
Fitch Ratings in June 2014, İş Yatırım had TL
5.4 billion in total assets and TL 958 million
in shareholders’ equity on a consolidated
basis at end-2014.
İş Leasing
A pioneer in the financial leasing sector
Having been one of the pioneers of the
leasing sector in Turkey since its foundation
in 1988, İş Finansal Kiralama A.Ş. (İş
Leasing) undertakes business activities
with a mission of attaching priority to
funding SMEs, developing and maintaining
a broad-based and high-quality portfolio
and satisfying customer demands with
effective, fast and high-quality solutions.
At the end of 2014, İş Leasing had TL 4.6
billion in total consolidated assets and TL
667 million in shareholders’ equity, while its
portfolio of financial leasing contracts had
an aggregate value of TL 2.8 billion.
In July 2014 assessment, the international
credit rating agency Fitch Ratings affirmed
İş Leasing’s long-term foreign currency
rating as “BBB-,” long-term local currency
IDR as “BBB-” and long-term national
credit rating as “AA+(tur).” The company’s
corporate governance rating was revised in
December 2014 with an upgrade to 9.07 out
of 10.
İş GYO
One of Turkey’s largest real estate
investment trusts
İş Gayrimenkul Yatırım Ortaklığı A.Ş. (İş
GYO) maintains a portfolio of real estate
properties, consistently enhancing their
quality and also develops new projects
aimed at further expanding and diversifying
the portfolio. Regarding the rating of
corporate governance practices, the
company was rated as 90.92% (9.09
out of 10) by Saha Kurumsal Yönetim
ve Kredi Derecelendirme Hizmetleri A.Ş.
in accordance with the new Corporate
Governance Rating Report prepared in
December 2014.
At the end of 2014, the company had TL
1.9 billion in total assets and TL 1.2 billion
in shareholders’ equity on a consolidated
basis.
İş Yatırım
A leading and pioneering investment
house in the capital markets
İş YatırımMenkul Değerler A.Ş. (İş Yatırım)
not only provides traditional brokerage
services in domestic and international
capital markets but also corporate finance,
investment advisory, asset management,
brokerage and research services to
domestic and foreign investors. İş Yatırım
is the only brokerage house in Turkey to be
publicly traded on the BIST National Market.
İş Yatırımwas named “Best Investment Bank in Turkey” and
“Best Broker in Turkey“ at the European Banking Awards
held by EMEA Finance in 2014.