Our presence in the banking system took off with Koç-American Bank in the 1980s. After acquiring Yapı Kredi Bank in 2005, we became one of the most Important financial institutions in Turkey. We attribute This success to our ability to read the signs of change In the turkish economy and in the financial sector.

We plan to remain a leading player in the sector, providing the best products and services to the customer by combining our smart growth strategy with customer-focused banking, strong and diversified funding, sustainable performance and our continually modernized service network.

Despite growing volatility and macro-prudential measures, the banking sector continued to grow throughout the year. Loans rose by 33%, reaching TL 995 billion, while deposits grew by 24% to TL 951 billion.

Banking sector in 2013

In 2013, Turkey’s banking sector operated in two different halves due to global and domestic conditions.

In the second half of the year, growing volatility and authorities’ various macro-prudential measures led to a decline in credit growth, mostly stemming from consumer loan and credit card restrictions. Total loan volume grew by 33% to TL 995 billion. Total deposits increased 24% in the same period to TL 951 billion. Thus, loan to deposit ratio rose 8 percentage points to 111%.

On the other hand, diversification of funding continued through issuances of TL 28 billion in local currency bonds, US$ 15 billion in foreign currency bonds and US$ 10 billion in subordinated loans. In 2013, a year in which legal regulations had severe ramifications for the sector, the banking sector’s net profits stood at TL 22.5 billion, excluding Yapı Kredi Sigorta sale.

Koç Holding Finance Group

Koç Financial Services, a Koç Holding and UniCredit Group 50%-50% joint venture, and KoçFinans, Turkey’s first consumer finance company, operate in this segment under the Banking and Insurance Group.

Koç Financial Services is the parent company of Yapı Kredi, established in 1944 as Turkey’s first private nationwide bank, and of various subsidiaries that are leaders in their own segments.

Yapı Kredi provides retail banking (which includes credit cards, individual banking and SME banking), corporate and commercial banking, as well as private banking and wealth management.