Starting operations in 2015 with the principle of “Achieving More by Sharing”, Ziraat Katılım increased its total assets by 64% YoY to TL 36.4 billion and shareholders’ equity to TL 3.2 billion rising by 43% compared to the previous year, in parallel with the strategy of increasing the share of participation banking from the sector.

Cash loans increased by 63% compared to the previous year and reached 79% of total assets. When compared to previous year, cash loans increased by TL 11 billion while non-cash loans increased by TL 1 billion.

Funds collected continued to be the most significant fund resource at Ziraat Katılım’s liabilities in 2019. Funds collected increased by 68% in December 2019 in comparison with 2018 year-end and reached TL 25.5 billion. Share of funds collected in balance sheet was 70%, and it consists of 16% Private Current Accounts and 84% Participation accounts. Moreover, current accounts increased by 74% in comparison with 2018 year-end and reached TL 4.1 billion.

Ziraat Katılım closed the year 2019 with a profit of TL 516.7 million with its principles of balanced growth sustainable financial performance and profitability. Profit share revenue at an amount of TL 3.6 billion is the most significant revenue item of the Bank. Profit share received from credits is the largest item in profit share revenues. Moreover, Return on Assets was 1.8% and Return on Equity was 19.2%.

The Bank sustained its strong capital structure, high liquidity level and funding capability in 2019. Capital adequacy ratio which was 12.8% at 2018 year-end increased to 16.6 in 2019.

The Bank diversified its resource structure and issued 19 lease certificates through its subsidiary Ziraat Katılım Varlık Kiralama A.Ş. Redemption of 14 of these lease certificates were realized during the year.

Ziraat Katılım had two separate subordinated loans in 2019, a secondary capital credit for TL 300 million from its main shareholder T.C. Ziraat Bankası A.Ş. and an additional principal capital credit for EUR 100 million from TWF Market Stability and Equilibrium Sub-fund of Turkey Wealth Fund.