2017 has been a year when impacts of geopolitical risks were occasionally experienced. On the other hand, recovery of global economy has been more than estimated and economies of both developed and developing countries have closed the year successfully.

Turkish economy completed 2017 with a strong growth. Proactive and correct policy approaches of the economy management supported the completion of a successful period for banking industry and participation banking.

By designing its business models around “Achieving More by Sharing” principle, yet growing together with real sector in financial management, Ziraat Participation continued its way with firm steps in 2017 within the framework of sustainable profitability and efficiency principles.

Having its main strategy built around a balance sheet mainly consisting of financing, effective and diversified resource structure and equity in conformity with the asset size, Ziraat Participation increased its total assets by 80% and reached TL 14 billion in 2017.

Ziraat Participation focused on supporting the real sector in 2017. Within this framework, funded credits (cash or non-cash) amount have reached TL 17 billion which represents an increase of 93%. With Government- funded House and Dowry Account products which were offered within the framework of activities to strengthen the saving habits and to increase the savings rate in our country, Ziraat Participation adopted a widespread fund collection strategy. Total funds collected increased by 78% and reached TL 10 billion.

Closing 2016 with 44 branches Ziraat Participation opened 19 new branches in 2017 and increased the number of branches to 63.

Aiming to reach its customers through every channel, Ziraat Participation provides services through 55 ATM’s as of 2017 year end. Number of POS customers reached 1,277 as of the same period.

As the young and dynamic member of the industry, Ziraat Participation succeeded to achieve a profit of TL 159 million in 2017 with a healthy and sustainable growth principle.

Ziraat Participation will continue to increase its share in both participation banking and Turkish banking industry in 2018 with its financing based balance sheet structure, high quality financing portfolio, widespread and diversified resource structure and 890 experienced employees.

Kind regards,

Board of Directors