İŞBANK IS THE FIRST BANK IN TURKEY
TO BE LICENSED BY THE CMB AS A
CUSTODIAN.
İşbank is the first bank in Turkey to receive
the Capital Markets Board’s permission to
operate as a custodian and to be licensed
as a custodian by the CMB. Offered by
İşbank since 2008, custody services are
now a standard, and the Bank serves as
the primary reference for custodian firms
being established, due to its know-how in
this area. By end-2012, İşbank has a market
share of 31.3% in custodian services for the
assets in individual portfolios.
İşbank continues to steadily increase
its strength in mutual funds, stocks,
bills, bonds, private sector borrowing
instruments, repo, Eurobond and gold
trading due to:
•New products and services designed in
line with customer preferences and market
conditions,
•A competitive pricing policy,
•A wide variety of distribution channels that
ensure the uninterrupted supply of high-
quality service.
TREASURY MANAGEMENT
LIMITED RECOVERY IN ECONOMIES
IN THE AFTERMATH OF THE GLOBAL
FINANCIAL CRISIS
Fiscal and monetary policies employed in
developed countries continued to steer the
global economy during 2012.
Issues in the financial structures of
developed economies and uncertainties
with relation to policies aimed towards
solutions played a restrictive role on the
expected economic recovery. On another
front, inexpensive high liquidity supplied to
the market by developed countries and the
high level of risk appetite led the volatilities
in capital flows to float at significant levels.
IMPLEMENTATIONS RELATED TO
FINANCIAL STABILITY REMAIN KEY IN
THE CBRT’S MONETARY POLICY.
With its loose monetary policy, the CBRT
maintained its cautious stance against
the short-term capital flows that might
result from global economic risks and the
inexpensive liquidity provided by other
central banks, and continued to pursue the
wide interest rate corridor policy.
Throughout the year, monetary policy tools
that included the reserve requirement
policy and liquidity management were
used effectively and dynamically, while a
close watch was kept on the risks involved
in financial stability. In this way, a faster
and more flexible reaction capability was
captured against the volatility in short-term
capital movements, as well as keeping credit
expansion at a certain balance, by way of
influencing the market liquidity and interest
rates.
İŞBANK AND ITS ACTIVITIES IN 2012
BY END-2012, İŞBANK
HAS A MARKET SHARE
OF 31.3% IN CUSTODIAN
SERVICES FOR THE ASSETS
IN INDIVIDUAL PORTFOLIOS.
46
İŞBANK
ANNUAL REPORT 2012
1...,38,39,40,41,42,43,44,45,46,47 49,50,51,52,53,54,55,56,57,58,...300