Ziraat Participation was founded to carry out activities that would create value not only for its customers and shareholders, but also for the society and all stakeholders by adopting the “Achieving More by Sharing” principle with the aim of being a leading and well-respected participation bank. The Bank was justifiably proud to have completed 2016 so successfully.

The main factors that affected the Turkish economy in 2016 were geopolitical risks, extraordinary situations, the volatility in the global economy and the uncertainty in neighboring countries. Accordingly, there was some deviation in Turkey’s main economic indicators. However, when these indicators are evaluated alongside those of developed and developing countries, it is seen that Turkey completed 2016 with a fair measure of success, and various measures were taken by those responsible for running the economy for the year 2017.

Ziraat Participation also successfully completed 2016 in line with the developments, which took place in our country. The Bank took important steps to bring participation banking to a larger mass. Ziraat Participation reached an asset size of TL 8 billion, the majority of which is composed of fund utilization. Funds collected and extended are broadly balanced in our balance sheet, standing at TL 5.6 billion and TL 6 billion, respectively.

Ziraat Participation realized the first Murabaha syndication of USD 155 million by actively involving capital and money markets. The Bank completed the first lease certificate issuance in Turkey, amounting to TL 100 million, and renewed it at three times at its redemption dates.

Our mobile banking application and “Profit-Loss Partnership”, “Debit Card with Financing Limit” and “State subsidized House and Dowry Accounts” products, which were designed in 2016 in line with the principles of participation banking, were offered to customers.

Within the framework of the principle of sustainable profitability and efficiency, among Ziraat Finance Group’s key standards, Ziraat Participation completed 2016 with a profit of TL 30.7 million. In 2017, Ziraat Participation will continue to contribute to participation banking with its balance sheet structure which is centered around the customer and is of high asset quality, its diversified resource structure which is spread to the base, and its experienced 655 employees.