Ziraat Participation 2017 Annual Report

Highlights in 2017

Second Establishment Anniversary

2nd anniversary of Ziraat Participation’s establishment was celebrated at an event in Istanbul on 13 May 2017.

Euro STP Excellence Award

Ziraat Participation received the excellence award for its performance in foreign trade operations. Our EUR correspondent bank KBC BANK has rewarded Ziraat Participation with Euro STP Excellence Award for its high operational performance and 100% success in payment transactions.

Ekovitrin Participation Bank of the Year Award

Stars of the Year Awards were given to the winners for the sixteenth time at an award ceremony organized by the international monthly economics and business magazine Ekovitrin on 17 June 2017. The winners were selected based on a survey participated by the readers of Ekovitrin and Ziraat Participation received the Participation Bank of the Year award in the participation bank category.

Ankara Corporate Branch was opened

Ziraat Participation’s 63rd branch, Ankara Corporate Branch began serving its customers on 22 December 2017. Ziraat Participation’s Chairman of the Board Hüseyin Aydın and CEO Metin Özdemir, as well as a large number of senior executives and branch management team have attended the opening ceremony.

Vision 2018 Antalya

Vision 2018 meeting of Ziraat Finance Group took place on 9-11 December 2017 in Antalya. Ziraat Participation’s Chairman Hüseyin Aydın, CEO Metin Özdemir, board members, Ziraat Finance Group senior executives, department heads, Headquarters service managers and branch managers have attended the meeting where 2018 visions and goals were reviewed.

Gelişim University Bests of the Industry Award Best Banking Award

Best of the Industry Awards were selected by the votes of students of Istanbul Gelişim University which included the brands and people of the industry. Awards were given to the winners at a reward ceremony on 9 May 2017. Ziraat Participation received the “Best Banking” award within the scope of Bests of the Industry Award

Our new subsidiary ZKB Varlık Kiralama has started its operations in September 2017

ZKB Varlık Kiralama A.Ş. was founded on 8 September 2017 within the framework of CMB’s Lease Certificate Communique (III-61.1) which was published on the Official Gazette dated 7 June 2013, numbered 28760 to exclusively issue lease certificates.

ZKB Varlık Kiralama is the new and concrete statement of our support to Islamic capital markets.

Acting as an intermediary for third parties’ lease certificate offerings exclusively, ZKB Varlık Kiralama operates with the objective to help corporates through the following:

By establishing an alternative investor base other than bank loans,
By allocating corporate risks to investors in the market,
By expanding the perspective of corporate offerings in an environment where most offerings are realized through banks.

ZKB Varlık Kiralama offers a new and significant opportunity for funds, investment and portfolio management companies to make their resources available to real sector and ultimately to Turkish economy at an increasing rate.

What is a Lease Certificate?

Lease certificates are securities that are issued by an asset leasing company in order to finance all types of assets and rights acquired. These certificates entitle its holders to the revenues generated from such assets in proportion to their shares and they are in compliance with interest-free financing principles.

Types of Lease Certificates

Lease certificate based on ownership (İjara)
Lease certificate based on management agreement (Wakala)
Lease certificate based on trade (Murabaha)
Lease certificate based on partnership (Mudaraba-Musaraka)
Lease certificate based on work of art contract (Istisna)