• Presentation
  • Türkiye Finans in Brief
  • Our Vision, Our Mission, Our Corporate Values
  • Strategic Priorities and Main Initiatives for 2014
  • Türkiye Finans Milestones
  • Awards and Recognitions
  • Summary Financial Information
  • Amendments to the Articles of Association
  • Capital and Shareholder Structure
  • Chairman’s Message
  • Message from the CEO
  • Customer Constitution
  • Macroeconomic Outlook and Sectoral Developments
  • An Assessment of the Bank’s Position in the Sector in 2014
  • An Assessment of Türkiye Finans’ Activities in 2014 their Results
  • Türkiye Finans’ Plans for 2015
  • Research & Development: New Services and Activities
  • Compliance Opinion Related to Annual Report
• Management and Corporate Governance Practices
  • Board Members and Audit Committee
  • Executive Vice Presidents
  • Unit Managers within Internal Systems
  • Organization Chart
  • Governing Bodies and Committees at the Bank, Participation of Bank Directors and Committee Members in Meetings
  • General Assembly Meeting Agenda
  • Summary of the Board of Directors report presented to the General Assembly
  • Information Concerning Human Resources Practices
  • Information about the Related Party Transactions, the Bank Enters
  • Information about Consolidated Affiliation
  • Other Information
  • Activities for Which Support Services are Outsourced and the Persons and Organizations from Which They are Obtained
• Financial Information and Assessment on Risk Management
  • The Audit Committee’s assessment of Internal Audit, Internal Control, Risk Management and Regulatory Compliance Functions; Committee Activities during the reporting period
  • Information About Risk Management Policies by Risk Type
  • The Statement Of Concerning Annual Report 2014
  • Dividend Distribution Policy
  • Proposal of Profit Distribution
  • Assessment of Financial Position, Profitability and Solvency; Asset Quality and Profitability
  • Information About Credit Rating Agency Rating Assignments and the Nature of Such Ratings
  • 5-Year Summary Financial Information Including the Current Year
  • Appendix 1: Independent Auditors’ Reports, Financial Statements and Related Disclosures and Footnotes as of and for the Year Ended 31 December 2014
  • Contact Details
• Contact Details
• Türkçe

A hectic agenda for the global economy in 2014

It was a hectic agenda for the world economy in 2014, which was beset by many problems. At the same time, the failure to completely deal with economic problems put back public expectations while also ramping up geopolitical tensions. Finding direction in such an atmosphere, in which the agenda changes so rapidly, was not easy for those responsible for running the economy. Obviously, the measures taken by policymakers with international cooperation remained of critical importance.

The world economy was expected to pick up pace under the leadership of developed countries in line with the developments seen towards the end of 2013. However, global growth did not meet expectations during the year. Although some economies, such as the USA and the UK, exhibited a recovery, the economies of many developed and developing economies weakened amid increased geopolitical risks. Some developing countries, on the other hand, started to face deadlock in growth due to structural problems in addition to weak foreign demand conditions. All of these points sustained concerns of a prolonged economic recession.

While lower raw material prices on the back of a plunge in energy prices did support the economies of importers, concerns emerged that exporting economies would be negatively affected.

Certain central banks - mainly banks in developed economies - showed a tendency toward sustaining supporting monetary policies as weak growth trends took hold. Some central banks even needed to expand their monetary policies in order to stave off a slow-down in the economy and negative inflation.

Sustaining global cooperation crucial to protect gains in 2015

Against this backdrop, a more optimistic outlook can be sketched out for 2015 with the support of expansionary steps taken by central banks and low energy prices. Increasing growth, especially in developed countries, may precipitate a recovery in developed economies’ trade partners and therefore in world growth. With an acceleration in growth, global capital flows and investments would be able to recover with the potential trust restored in those managing the economy which could also serve to reduce geopolitical tensions worldwide. A concerned effort by policy makers to take decisions and apply them with cooperation, as in recent years, will be critical in realizing these hopes and expectations.

Steps taken through international coordination will significantly contribute towards the goal of the Turkish economy reaching its potential growth rate. As uncertainties ease in the world, the Turkish economy will be one of the most attractive economies again, and assume its deserved place in the world.

Despite global difficulties, Türkiye Finans remains the bank of innovations in the sector.

Türkiye Finans continued to be the leader and the most innovator of the participation banking in the last year as it was in previous years. These innovations diversify the funding potential of our bank and increase financing opportunities that we provide for our customers.

These innovations are the result of our employees’ excitement and enthusiasm. They also enhance our trust and hope regarding the future of the sector. The potential actors who are ready to enter the sector in 2015 serve to confirm that this hope and trust is shared by the public management and regulatory authorities, as well.

Türkiye Finans is a subsidiary of the Middle East’s most deeply capitalized bank and is always aware of the support of its main shareholders. The Company continues to contribute our country’s economy with this power.

Our Bank deems supporting the real sector in an increasing manner and generating added value for its stakeholders with different financial instruments and channels to be the reason for its existence. As in the past, our Bank has been able to reflect the results of these efforts to its performance.

The trust in Türkiye Finans is a reflection of the trust in Turkey

We know that the trust in our Bank, whose name contains Turkey, is a reflection of the trust in Turkey, and we are working for our country’s development and growth with the responsibility provided by this fact.

We are working to help make the lives of our customers easier with the product and service mix which we offer in line with our principles. By emphasizing that Türkiye Finans’ growth means Turkey’s growth, we invite everybody to work with Türkiye Finans, which translated means “Turkey’s Finance”.

The pride that we take in our bank is fed by our successes. We hope to share this pride with our all of our stakeholders. I would like to extend my gratitude to our all customers, employees and shareholders who have placed their trust in Türkiye Finans, while underlining that we will continue to work in a faithful and determined manner.

Yours sincerely,

Mustafa BOYDAK
Chairman