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Kuwait Turkish Participation Bank. A SUCCESS STORY WITH 19 YEARS FULL OF TRUST & STRENGTH. The 3 rd Turkish- Arab Economic Forum June 2008. Established : 1989 Number of Domestic Branches : 97(Istanbul: 46,Other: 51) Foreign Branch : Bahrain Number of Employees: 1991
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Kuwait Turkish Participation Bank A SUCCESS STORY WITH 19 YEARS FULL OF TRUST & STRENGTH The 3rdTurkish- Arab Economic Forum June 2008
Established : 1989 • Number of Domestic Branches : 97(Istanbul: 46,Other: 51) • Foreign Branch : Bahrain • Number of Employees: 1991 • International Presence : Links with 300+ banks in 75 countries • Subsidiaries: Körfez Real Estate and IIRA • Rating (FitchRatings) AAA (National); BB (Foreign Currency, Long Term) KUWAIT TURKISH PARTICIPATION BANK
KUWAIT TURKISH PARTICIPATION BANK Distribution of YTL500 Million Capital among the shareholders is as follows:
Bahrain Turkey Kuwait Malaysia Pop.: 0.7m GDP3 (US$): 20bn Pop.: 74m GDP3 (US$): 659 bn Pop.: 3m GDP3 (US$): 114 bn Pop.: 27m GDP3 (US$): 156bn KUWAIT TURKISH PARTICIPATION BANK Main Shareholder Company - Kuwait Finance House K.S.C. KFH NETWORK • Established in Kuwait in 1977, as the first Islamic Bank. • 42.7% owned by Kuwaiti government agencies • Second-largest bank in Kuwait1 with a local network of 44 branches and operates under the purview of the central bank • Assets total KD8.9 bn (US$32.6 bn) and deposits amount to KD5.3bn (US$19.4 bn), representing 25% of the total deposits in the Kuwaiti market2 as per the balance sheet of December 2007. Source: EIU, Central Bank of Kuwait (1) Total assets as at December 2007 (2) As at 4Q 2007 (3) Nominal GDP - Provisional
TURKISH BANKING SECTOR * SDIF Bank is excluded.
Total Assets :US$ 485 billion • Total Deposits :US$ 298 billion • Number of branches : 8,820 • Number of employees:182,973 • Number of accounts : 92.6million (Deposit Banks - 2007) • Asset / Employee :US$ 2.65 million • Assets / Branch :US$ 55 million • Loans / Deposits : 80% • Loans / Assets : 49 % • Assets / GNP : 73.6 % • Loans / GNP : 36% • Capital Adequacy Ratio: 17.2 % (Deposit Banks - 15.9 %) • RoAE (2007) : 24.8 % (Deposit Banks – 26.7 %) The Banking Sector In Figures (31.03.2008)
PARTICIPATION BANKS FUTURE ISLAMIC BANKING ASSETS SHARE IN BANKING SECTOR FROM SELECTED COUNTRIES
HIGH GROWTH *Participation Banks
HIGH GROWTH *Participation Banks
HIGH GROWTH *Participation Banks
THANK YOU...Ufuk UYANChief Executive Officer KUWAIT TURKISH PARTICIPATION BANKADDRESS :BÜYÜKDERE CAD. NO: 129 34394 ESENTEPE-ŞİŞLİİSTANBUL/TURKEYwww.kuveytturk.com.tr