İŞBANK IS THE LARGEST PRIVATELY-
OWNED BANK IN TOTAL LOANS IN 66
CITIES.
As of year-end 2012, İşbank had provided
more cash commercial loans to customers
than any other privately-owned bank in 66
cities and it ranked second in 15 other cities.
This is indicative of İşbank’s standing as the
biggest lender to the commercial sector, as
well as its policy of dispersing its lending
risks as widely as possible in geographical
terms.
COOPERATIONS MOLDED IN LINE WITH
REGIONAL NEEDS
In 2012, İşbank, in keeping with its
established model, developed its commercial
banking activities with a perspective
towards addressing local needs. Accordingly,
the Bank continued to cooperate with
professional associations, as well as
chambers of commerce and industry. Some
headlines of the Bank’s activities in this area
are presented below.
• Within the scope of the collaboration with
the Turkish Grain Board (TMO), the Bank
extended loans against TMO receipts to
its own depositors who have submitted
their produce (wheat, barley, corn and
rice) to the board.
• İşbank continues to collaborate closely
with the Turkish Pharmacists’ Association.
The cooperation protocols have been
renewed; under these protocols, the
Bank intermediates pharmacists’ health
benefit payments to the Social Security
Institution (SGK) and extends loans
covered by the association’s mutual
assistance fund.
• A protocol has been signed with TÜRMOB,
a union of professional chambers for
independent accountants, financial
advisors and certified public accountants
in Turkey; under this protocol general
purpose loans are extended to TÜRMOB
members in the city of Van.
• İşbank signed a protocol with the
Agriculture and Rural Development
Support Institution (in Turkish: TKDK)
related to the EU’s Instrument for
Pre-Accession Rural Development (IPARD)
program. Related work is ongoing within
the scope of this protocol.
FUNDS SECURED FROM ABROAD AND
PROVIDED TO SMES
• Funding worth USD 40 million has been
extended to finance the investments of
SMEs in renewable energy and energy
efficiency. These funds were secured by
İşbank in 2011 from the European Bank for
Reconstruction and Development (EBRD)
under the Turkey Sustainable Energy
Financing Facility. The EBRD granted
the Excellence in Sustainable Energy
Financing Award to İşbank for its activities
under the initiative in an awards ceremony
held on 6 December 2012.
• A loan in the amount of EUR 150 million
obtained from the European Investment
Bank (EIB) in December 2011 was used
to cover SMEs’ financing requirements in
2012.
• İşbank will offer a variety of solutions
for the financing needs of SMEs under
funds secured from the Japan Bank for
International Cooperation (JBIC) with
a total worth of USD 300 million. The
facility consists of USD 100 million with
a maximum term of 18 years to be used
for financing goods and services procured
from Japan in relation to renewable energy
projects; and USD 200 million with a
maximum term of 10 years, also to be
used for financing imports from Japan.
• Obtained from the KfW Entwicklungsbank
under the Small Enterprises Loan
Programme II (SELP II), the funds
(EUR 31.4 million received in December
2011 and EUR 5.7 million received in July
2012) were channeled to SMEs in 49 cities
in Turkey throughout 2012.
IN LINE WITH ITS
ACTIVITIES IN COMMERCIAL
BANKING, THE BANK
CONTINUED TO
COOPERATE WITH
PROFESSIONAL
ASSOCIATIONS, AS
WELL AS CHAMBERS OF
COMMERCE AND INDUSTRY.
INTRODUCTION
ACTIVITIES
CORPORATE GOVERNANCE
FINANCIAL INFORMATION AND RISK MANAGEMENT
33
İŞBANK
ANNUAL REPORT 2012
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