Türkiye Finans’ Milestones
2005
- Founded upon merger of Family Finans and Anadolu Finans with a paid-up capital of TL 250 million, Türkiye Finans began operating on 30 December 2005, with a network of 108 branches.
2006
- Increased the number of branches to 122.
- Increased the paid-up capital to TL 279 million.
2007
- Launched commercial credit cards (“Business Card” and “Ticari Kart”) targeting corporate and commercial customers, to the use of the business world.
- Increased the number of branches to 137.
- Increased the paid-up capital to TL 292 million.
2008
- National Commercial Bank (NBC), the bank with the largest capital in Saudi Arabia and across the Middle East, acquired 60% of Türkiye Finans and became the Bank’s controlling shareholder.
- Launched SMS Banking service with electronic signature.
- Increased the number of branches to 174.
- Increased the paid-up capital to TL 800 million.
2010
- Launched “Organik BES”, Turkey’s first interest-free Individual Pension Scheme (IPS).
2011
- Secured the then-largest murabaha syndicated loan, worth of USD 300 million.
- Received BBB in foreign currency credit rating from the international credit rating agency Fitch, becoming one of the top five Turkish banks with the highest credit rating.
- Increased the number of branches to 182.
2012
- Overhauled its corporate identity and chose Turkey’s trademark color turquoise as its corporate color to emphasize its stance as the more accessible, active, sincere and innovative bank.
- Secured the then-largest murabaha syndicated loan, worth of USD 350 million.
- Launched “Finansör”, the first of its kind in participation banking that provides consumer financing in card form.
- Sponsored the Anatolian Brands Competition to spread the awareness for branding across Anatolia.
- Increased the number of branches to 220.
- Increased the paid-up capital to TL 1,650 million.
2013
- Launched the card fee-free credit card Happy Zero and the Turkey’s first mother-tailored credit card Happy Anne.
- Launched Haremeyn Card, offering privileges in hajj and umrah visits, and Haremeyn Şua card, showing the qibla on the compass it features.
- Launched Siftah Card, offering SME customers the option of installment purchase over cash payment price, and Faal Card, targeting tradesmen and businesses.
- Launched “Akıllı Hesap”, the time deposit product offering lucrative profit shares and other advantages.
- Secured the then-largest murabaha syndicated loan of the participation banking scene, worth of USD 500 million.
- Sponsored the exhibition “Dialogue in the Dark”, visited by more than 7 million people across 130 cities.
- Undertook the commitment to support The Historic Kırkpınar Oil Wrestling Tournament, added to the List of UNESCO Intangible World Cultural Heritage, for 3 years.
- Overhauled Türkiye Finans Mobile Branch with a new, user-friendly interface.
- Increased the number of branches to 250.
- Increased the paid-up capital to TL 1,775 million.
2014
- Türkiye Finans’ first Sustainability Report became the first and only report among Turkish deposit and participation banks to be rated A+ by the Global Reporting Initiative (GRI).
- Mobile Branch app updated to expand to Windows Phone users.
- Secured a murabaha syndicated loan worth of USD 350 million, arranged by 21 banks from 12 countries.
- Issued the first sukuk in Malaysian Ringgit, worth of MYR 800 million. Said issuance stands as the largest sukuk issued by a foreign institution in Malaysian Ringgit.
- Türkiye Finans Customer Contact Center began to offer services in English and then in Arabic, thus capable of telephone banking service in 3 languages.
- Increased the number of branches to 280.
- Increased the paid-up capital to TL 2,600 million.
2015
- The corporate website, www.turkiyefinans.com.tr, was renewed with a modern and user friendly design in May 2015. With its new design, customers can quickly and easily find whatever they are looking for from all devices.
- The Bank issued a MYR 360 million sukuk in Malaysia and a TL 1.1 billion sukuk in Turkey in 2015 through its asset leasing companies that are among the Bank’s subsidiaries.
- TF Asset Leasing, a subsidiary of the Bank, is Turkey’s biggest active asset leasing company. TF Asset Leasing successfully undertook the biggest domestic issuance to take place at any one time in 2015, with the issuance amounting to TL 250 million.
- Türkiye Finans meets its customers’ needs through the Bank’s wide product portfolio. The Bank continued to serve its corporate customers through its asset leasing companies in 2015. Türkiye Finans issued a TL 243 million lease certificate in which corporate customers were users of funds.
- The first international branch of Türkiye Finans was opened in Bahrain.
- The number of branches was increased to 286.
2016
- In 2016, the Bank notched up a 41% YoY increase in turnover from its 45,000 POS devices. The Bank ranks first among the participation banks in terms of the number of POS devices and the turnover from these devices.
- In 2016, the new internet branch offered fast, user-friendly and uninterrupted services which exceeded customer expectations.
- The Bank offered effective financing solutions, especially for solar energy projects. It raised the project financing loan volume by 30% YoY to TL 2.6 billion.
- The number of active customers in the mobile branch grew by 74% YoY while the number of financial transactions grew by 82% YoY. The Bank’s all mobile banking applications were downloaded more than 180,000 times in 2016.
2017
- Türkiye Finans R&D Center established on February 21st, 2017. Türkiye Finans becomes the third bank to have an R&D Center in the sector.
- Became leader among participation banks by allocating TL 3.5 billion Credit Guarantee Fund in 2017.
- Maintained leadership position among participation banks with respect to the number of POS and POS revenues.
- Launched “Bol Kepçe” (Big Ladle) innovative product that combines the participation account and lease certificates. The product is the first of its kind in the participation banking product range
- First management trainees joined the bank in July 2017 under the MT Program.
- Moved to the new Umraniye head office in May 2017.
- Sales Service Model launched in July 2017, where branches were split into commercial and retail branches, and regional structures renewed.
- Launched TFXTARGET Mobile Application in October 2017.