68% ZIRAAT BANK OF TURKISH REPUBLIC THE BIGGEST
STATE BANK IN TURKEY
32% ZIRAAT
BANK INTERNATIONAL A.G. GERMANY; WHICH IS COMPLETELY BELONG
TO ZIRAAT BANK OF TURKISH REPUBLIC
BANK PROFILE
Giving all contemporary banking services since 1997, our
presence in BH has backing of Turkeys biggest bank, T.C.
Ziraat Bankasi A.S, whose capital completely belongs to
the Turkish State. Our shareholding structure is as follows:
T.C. Ziraat Bankasi A.S., 68% and Ziraat Bank International
A.G., 32%.
Ziraat; First Bank in the West Europe in terms of ROAE and 131. biggest Bank among 1000 banks in the world (The Banker)
ZIRAAT.BANK.ANNOUNCED
PROFIT OF CENTURY
At a press conference in Rixos Hotel, General
Director of Ziraat Bank Can Akin Caglar announced the business
results of the Bank in 2009. year, and the general vision of
the Bank's operations until 2015. year.
General Director of Ziraat Bank Can Akin Caglar said that profit
has been achieved, which for this bank can be characterized
as profit of century. Ie, the gross profit of Bank amounted
to 4 billion 417 million TRY, and after refusing 906 million
TRY tax remains net profit of 3 billion 511 million TRY.
Mr. Caglar said that the bank in 2009. year showed growth above
the average of the banking sector, as well as the amount of
assets has reached the amount of 125 billion TRY.
The total amount of approved loans of banks reached 35 billion
792 million TRY, and as Mr. Caglar is reporting that Ziraat
Bank is a bank that granted most loans, and weekly it has been
approved loans in total amount of over 1 billion TRY and did
not happen that the amount of approved loans dropped below 1
billion TRY.
Mr. Caglar also touched topic of reprogram obligations, and
said that in the previous year reprogram of debt has been
done in total amount of 2.7 billion TRY to 172,600 persons.
Alleging that the bank has made profits in the amount of 3
billion 511 million TRY Mr. Caglar said: "We think that
as the bank one hundred years we have not made such a profit.
Our gross profit was 4 billion 417 million TRY, and after
refusing 906 million TRY tax remains net profit of 3 billion
511 million TRY.
Lower interest rates for "spring
happiness"
Turkish Ziraat these days is offering loans
at an interest rate of around eight percent. With the statement
that BH goes through a very difficult period in this time, in
Turkish Ziraat Bank it is said that through the campaigne they
want to contribute to "happiness and joy of people which is more
pronounced closer to spring."
- We offer loans at an interest rate of 7.99 percent, which
includes the commission and all other costs - said Kenan
Bozkurt, general manager of Turkish Ziraat Bank.
He said that during the crisis interest rates are not increased
for existing customers , which is why earnings may not be great,
but they maintain their trust. He believes that other banks will
start a similar campaignes, and he would be glad to hear that.
Dnevni avaz
Friday, February 26th 2010.
Funding
of projects that can increase employment will be a priority
in the operations of Turkish Ziraat Bank Bosnia in the coming
period.
Economic crisis by their nature increase
the "uncertainty".
Uncertainty has the effect that any retail or corporate clients
deferred its decision on the expenditure and investment to
the end of the uncertainty, and this is basically the situation
in which our country is. With intensive crisis a dramatic
decline in "quality of credit receivables" is occuring.
In our opinion this is the main cause of reduced credit market.
Therefore, the bank may be more liquid than ever, because
with the demand fall a large drop in credit sales has happened.
Of course considering that the same uncertainty affected the
banks, they were also forced to be a little more restrained.
Problems in the collection of existing loans increased the
level of risk perception of banks when granting new credits,
which is not surprising.
The crisis has strongly reflected in almost all banks in
the world, especially regarding credit risk, and the decline
in achieved profits happened. In regards with the increase
in achieved profits of Turkish banks by 40% and net profit
of 1.5 billion EUR of Ziraat group, which member is our bank,
it can be interpreted as the dynamics inherent in the state
of Turkey.
Each country has different economic dynamics and so has Bosnia
and Herzegovina, and because of these consequences banking
sector of BH recorded a significant drop in profits.
Kenan Bozkurt
Manager Turkish Ziraat Bank Bosnia "Banks in BH"
February 2010
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