2018 Annual Report

Milestones in the History of Ziraat Participation

2015
  • As the first publicly funded participation bank, the Bank began operations on 29 May 2015, in a grand opening with the participation of President Recep Tayyip Erdoğan.
  • Ziraat Participation became the first participation bank to receive Participation Banking Activity Ratification Certificate approving compliance of the general framework of our operations with the Principles of Participation Banking.
2016
  • Ziraat Participation proudly completed its first year, a full of firsts, with a net profit of TL 30.7 million.
  • The first profit-loss sharing partnership was carried out in different sectors.
  • The first Sukuk issuance was undertaken by establishing an Asset Leasing company.
  • The first Murabaha Syndication took place.
2017
  • Ziraat Participation continued to take firm steps on its way to reach its goals of sustainable profitability and efficiency and recorded a profit of TL 159 million.
  • Ziraat Participation founded its second subsidiary ZKB Varlık Kiralama A.Ş.
  • FILIKA (Limited Financing Card) has been offered to customers.
  • Transition to TFRS 9 has been completed.
  • A project financing transaction has been performed through “İstisna” product in the participation banking sector.
  • Ziraat Participation has started the Gold Days.
2018
  • Ziraat Participation rounded off the year 2018 with stable growth and wrote a net profit of TL 323 million.
  • Ziraat Participation entered a cooperative agreement that represents a first for the banking sector and our country, with the “Joint Investments Model”.
  • Ziraat Participation became the first participation bank to mediate in the issuance of the Gold Lease Certificate.
  • The number of branches increased to 80 branches in 41 different cities.
  • Agreements were signed for the establishment of the Ziraat Participation Sudan Branch.
  • The necessary permits were obtained for the transfer of Ziraat Finansal Kiralama A.Ş. to Ziraat Participation Bank.
  • In accordance with the agreement made between all public banks including Ziraat Participation Bank, the “free use of a Common ATM” system was implemented with the protocol signed.