INTERNATIONAL BANKING
İŞBANK ENJOYS A STRONG LEADERSHIP
POSITION IN FOREIGN TRADE.
İşbank responds to the needs and
expectations of its customers in the area
of foreign trade finance with a lineup of
high-quality products and services. İşbank’s
customers active in the foreign trade sector
conduct their transactions in a secure and
efficient manner via the Bank’s extensive
correspondent bank network and far-
reaching international service network of
more than 1,500 banks and international
financial institutions in 127 countries.
İŞBANK’S CODE OF CONDUCT AND
QUALITY IS CONSTANTLY RECOGNIZED
THROUGH AWARDS.
In 2012, İşbank continued to deliver
high-quality service in the business of
international banking.
Since 1997, The Bank regularly receives
Straight-Through Processing (STP) awards
from numerous international banks due
to its high rate of error-free handling of
transfers abroad.
In 2012, İşbank was presented with
STP quality citations from Citibank NA,
Commerzbank AG, Deutsche Bank AG and JP
Morgan Chase Bank NA.
İŞBANK WAS A FOCAL POINT OF
ATTENTION AT SIBOS IN JAPAN.
İşbank operated a stand at the SWIFT
International Banking Operations
Seminar (SIBOS) organized by the Society
for Worldwide Interbank Financial
Telecommunication (SWIFT) in Osaka,
Japan from 29 October – 1 November 2012,
and authored an effective international
communication and promotion campaign for
Turkey and for the Bank. The Japan event
marks İşbank’s fifth appearance at SIBOS;
held in a different country each year, the
Bank also participated in the Vienna, Hong
Kong, Amsterdam and Toronto events.
A BANK GUIDING THE SECTOR IN
SECURING FOREIGN FUNDS
In 2012, İşbank again firmly established
itself as a competent entity in terms of
creating foreign funds.
İşbank signed two syndicated loan
agreements in 2012. The first, signed on
8 May 2012, involved 51 banks from 22
countries with funds of USD 241 million
and EUR 742.5 million for a total worth of
approximately USD 1.2 billion. The second,
signed on 12 September 2012, involved
36 banks from 16 countries with funds of
USD 404.5 million and EUR 572.6 million
for a total worth of approximately USD 1.1
billion.
International financing secured through
syndicated loans in 2012 amounted to
USD 2.3 billion.
İŞBANK CARRIED OUT ITS FIRST
EUROBOND ISSUE OF A SUBORDINATED
LOAN NATURE.
İşbank completed its first Eurobond issue of
a subordinated loan with a term of 10 years
and total nominal value of USD 1 billion on
24 October 2012 which had 6% yields and
bore 6% coupons.
The bonds generated demand that was
nearly ten times the amount issued.
Through investor conferences held in
Europe, USA and, for the first time, Asia, the
issue reached a broad range of investors
based across a number of countries and
regions. The bonds are quoted on the
London Stock Exchange and bear credit
ratings of Ba2 (Moody’s) and BB+ (Fitch) on
the date of issue.
İŞBANK CARRIED OUT A NEW
EUROBOND ISSUE.
In response to high interest rates in
international markets and high demand
from investors, İşbank carried out another
Eurobond issue with a term of 5 years and a
nominal amount of USD 500 million.
IN 2012, İŞBANK WAS
PRESENTED WITH STP
QUALITY CITATIONS
FROM CITIBANK NA,
COMMERZBANK AG,
DEUTSCHE BANK AG AND JP
MORGAN CHASE BANK NA.
INTRODUCTION
ACTIVITIES
CORPORATE GOVERNANCE
FINANCIAL INFORMATION AND RISK MANAGEMENT
49
İŞBANK
ANNUAL REPORT 2012
1...,41,42,43,44,45,46,47,48,49,50 52,53,54,55,56,57,58,59,60,61,...300