Treasury Management and International Banking

As of year-end 2024, Ziraat Katılım’s asset size increased by 34% year-on-year, reaching TL 515 billion. According to TKBB data, the total asset size of the participation banking sector amounted to TL 2,660 billion at the same time. With a 19.4% share of the sector, Ziraat Katılım ranked as the second-largest participation bank by asset size. While Ziraat Katılım’s assets grew by 34.1% year-on-year, the sector’s overall asset growth rate was 38.7% during the same period.
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On the financing side, Ziraat Katılım reached TL 268 billion in total disbursed funds as of year-end 2024. The participation banking sector closed the year with TL 1,223 billion in disbursed funds, bringing Ziraat Katılım’s market share to 22%. The Bank’s disbursed funds grew by 22% year-on-year, below the sector average growth rate of 37%.
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In financial leasing transactions, the Bank reached TL 53.3 billion as of year-end 2024, representing a 37.9% share of the participation banking sector, which concluded the year with a total size of TL 140.8 billion.
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Ziraat Katılım’s non-performing loan (NPL) balance stood at TL 2.9 billion at the end of 2024, compared to TL 16.5 billion for the overall participation banking sector. The Bank’s share of total sector NPLs was 16%. While the sector’s NPLs rose by 68% year-on-year, Ziraat Katılım recorded a lower increase of 49%, demonstrating a more favorable performance.
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According to BRSA data, as of year-end 2024, the participation banking sector had a total shareholders’ equity of TL 213.8 billion and a net profit of TL 63.2 billion. In the same period, Ziraat Katılım reported TL 22.4 billion in shareholders’ equity and TL 3.5 billion in net profit, representing 10% and 5.4% shares of the sector, respectively.
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Ziraat Katılım also distinguished itself in agricultural lending, increasing its agricultural loan portfolio by 435% year-on-year to TL 10.7 billion by the end of 2024.
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Ziraat Katılım, the first public participation bank in Türkiye, is taking firm steps towards becoming a leader in the sector with its items feeding the asset.

Vast Correspondent Bank Network

Ziraat Katılım makes use of its extensive correspondent network in conducting foreign trade and treasury intermediation activities and increases the number of correspondent accounts (nostro accounts) in foreign currencies day by day thanks to the long-term collaborations it has established. As part of its treasury management activities, the Bank continues its endeavors to secure long-term funding in TL and FC in the most efficient and cost-effective manner.
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Ziraat Katılım adopts a dynamic approach to expand its international correspondent network and improve its relations with international financial institutions from which it obtains funds.
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Ziraat Katılım, which reached 49 correspondent accounts in 16 different currencies with correspondent banks in 2024, has mutual wakala/murabaha agreements with numerous banks. As part of these agreements, interbank murabaha and wakala transactions are conducted, and resources contributing to funding diversity are provided.
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In 2024, as part of Treasury Management and International Banking activities;

• A US dollar nostro account was opened at Standard Chartered Bank.

• RMA connection has been established with 6 different banks.

• Ziraat Katılım participated in and was represented at -BAFT, Sarajevo Business Forum and SIBOS 2024 China event.

• ISDA, Tahavvud, MCMA, and Wakala agreements were signed with 15 banks to provide intermediation services for treasury transactions.

• As part of investment banking operations, private borrowings and subordinated loan transactions were carried out from abroad with the establishment of the MTN program, and many bilateral borrowing, club loan, and TIER 1 transactions were carried out.

Opening Overseas Branches

Launched in 2023, Ziraat Katılım Somalia-Mogadishu Branch has pioneered the Somali financial system’s access to the international financial system and its integration into the global system. In 2024, the branch achieved a steady growth trend and has been effective in facilitating foreign trade transfer transactions of both Turkish and Somali businessmen.

2025 and Beyond

As part of its International Banking operations, Ziraat Katılım will continue its endeavors to establish overseas branches and shape its overseas branch organization in line with international developments and state policies in 2025.
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The new Port Sudan Branch is scheduled to open in March 2025, replacing the Bank’s Khartoum Branch, which suspended operations in 2023 due to the civil conflict in Sudan. Ziraat Katılım will continue its efforts to expand its presence across various countries on the African continent in line with Türkiye’s Africa strategy. As in previous years, the Bank will continue to inform customers engaged in trade with African countries through on-site visits in 2025.
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As part of its investment banking activities, the Bank aims to diversify its TL- and FC-denominated borrowings (bilateral, club loan, syndication, TIER 1 and TIER 2, sovereign loans, etc.) and add different instruments to its portfolio in 2025 in order to realize short-medium and long-term TL - and FC-denominated borrowings efficiently and cost-effectively. It is planned to establish close interaction with the Bank’s branches and customers through field visits.