As a joint venture between The National Commercial Bank (Saudi Arabia), the Boydak Group and the Ülker Group, Türkiye Finans is a leading institution that transforms its deeply rooted know-how and experience into “growth reflex” with its determination to leave a mark on the future of our country’s participation banking and with its vision.
Türkiye Finans was established in 2005 with the merger between “Anadolu Finans”, which was founded in 1991 with 100% domestic funds, and “Family Finans”, which operated in participation banking between 1985 and 2001 under the name of “Faisal Finans Kurumu”.
In 2005, the Boydak Group and the Ülker Group combined these two participation banks under a single roof. This union of strengths was undertaken in order to generate more value for Turkey and to bolster the competitive advantages of both entities.
The merger between Anadolu Finans and Family Finans was approved by the Banking Regulation and Supervision Agency (BRSA) on 28 December 2005. The name of the bank was changed to Türkiye Finans Katılım Bankası A.Ş. on 30 December 2005.
This merger brought a new growth momentum into participation banking
The Bank, which had a new and strong corporate identity following the merger, brought a new breath of fresh air to participation banking, whose target audience has been growing steadily.
A new period of tremendous change and transformation at Türkiye Finans began on 31 March 2008 when the National Commercial Bank (NCB) acquired a 60% stake in the Company. By bringing together the strengths of the Boydak and the Ülker groups, two of Turkey’s leading industrial conglomerates, with those of the Middle East’s most deeply-capitalized bank, the capital structure and vision of this partnership resulted in its emergence as a leading player in the business of participation banking.
Proving its strength at the outset of 2015
Türkiye Finans has laid out a five-year plan under which it has redefined its goals and growth roadmap. As called for in that plan, the bank is currently undertaking a variety of projects with a customer oriented approach and carrying out important progress aimed at further developing its technological infrastructure, business processes and service approach.
Starting from the benchmark of providing a flawless customer experience, Türkiye Finans launched a new initiative entitled the “Customer Experience and Multichannel Strategy Project” in 2014 in order to implement a series of modifications and improvements in its business making styles and processes. During this new period, the Bank set out a path for stronger growth with its experience, technological capability and vision.
At the end of 2014, Türkiye Finans commanded a strong service platform of 4,478 employees in 280 branches supported by effective alternative delivery channels. With this platform, the Bank offers an array of innovative products, services and solutions of high added value to a broad customer mass in the commercial/corporate banking, enterprise banking and retail/personal banking segments.
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