Uncertainties in global markets due to trade negotiations between USA and China, continuing geopolitical tensions, expansionary monetary direction of central banks of developed countries under the influence of concerns over global economy and disagreements about Brexit were the prominent developments of 2019.

Despite geographical economic developments and geopolitical tensions in 2019, Turkish economy has gone through a recovery process and headed towards a growth path as of the third quarter of the year thanks to the impact of incentive packages announced by the economy administration within the scope of structural transformations and interferences to prevent financial attacks.

With this stabilization process, 2019 has been a positive year for Ziraat Participation in terms of growth and profitability. Ziraat Participation demonstrated its influence in the industry in many areas, particularly in terms of total assets and profitability. The Bank’s total assets reached TL 36.4 billion and net profit was TL 516.7 billion million.

Ziraat Participation continued to offer its customers solution-oriented products at favorable costs. Acting with its sustainable growth principle, the Bank increased its cash credit balance by 63% to reach TL 28.9 billion. Total cash and non-cash credits reached TL 40.2 billion.

Ziraat Participation continued to provide its services without compromising quality through 93 branches with 1,129 personnel, 75 ATMs, Call Center, mobile and internet branches with qualified technological infrastructure.

Ziraat Participation is the first publicly-owned participation bank to start participation banking operations in line with the principle of More When Shared (Paylaştıkça Daha Fazlası). Ziraat Participation continues to contribute to the national economy with its strong capital structure and in line with the balanced growth and sustainable profitability principles. Working to bring dynamism and depth to the sector, it meets the needs of its customers with its products in accordance with the principles of Islamic banking.

With its balance sheet structure based on financing which grows with sustainable profitability, efficiency and customer-focused structuring target, Ziraat Participation continues to work to provide the best service for its customers and our country with the awareness of the responsibilities of its
“More When Shared” principle.

Yours respectfully,

The Ziraat Participation Board of Directors