
Kuveyt
Turk is a Participation Bank established in 1989
to operate in accordance with terms set forth by the Council of Ministers'
Decree dated Dec. 16, 1983 and no. 831/7506. Until they become subject to
the Banking Law in 1999, activities of Special Finance Houses were conducted
by Council of Ministers Decrees on the one hand and by Directives of the
Central Bank and the Undersecretariat of Treasury on the other hand.
Starting from December 1999, Kuveyt Türk has become subject to the Banking
Law no. 4389 just as other Special Finance Houses.
Shareholders of Kuveyt Türk are Kuveyt Finance House (62%), Kuveyt Social
Security Institution (9%), Islamic Development Bank (9%), General
Directorate of Associations Turkey (18%), and other shareholders (2%).
The Kuveyt Finance House, which is the largest shareholder of Kuveyt Türk
with its 62 % share, is a giant finance institution of Kuveyt with its
outstanding asset volume and contemporary and pioneering banking services.
Kuveyt Türks objective is to bring diligence to the interest-free banking
system, research fields of investment and introduce contemporary, reliable,
rapid and high quality services to its customers with very qualified staff
members. It is proud to take fast service of high quality
through its branch offices, alternative delivery channels and correspondent
banks within and outside the country employing all state-of-the art
technological facilities to the depositors and investors. Kuveyt Türk has reached to the level of leading banks in Turkey in respect of capital
adequacy.
Kuveyt Türk, which converts the savings of its customers who are profit and
loss sharers into sound and profitable investments on the most profitable
sectors and creates new employment facilities by providing resources to the
real sector and thus, making significant contributions to the economy of the
country, has been awarded gold, silver and bronze medals on various dates by
public institutions and trade associations such as the Undersecretariat of
Treasury and Foreign Trade, Istanbul Chamber of Commerce and Istanbul Ready
Made Garment Exporters' Association for the success it has shown in the
field of exports.
Kuveyt Türk,
in parallel to its vision of becoming an international finance house, is
preparing to open branch and representative offices abroad as well.
The 2000s, which is an age of Information Technology, compel the finance
houses to operate in a more technology intensive manner. Kuveyt Türk has
established the information and technology infrastructure required at the
highest level. It offers all banking services through Electronic Banking and
Alternative Delivery channels in the best way. Together with VISA credit
card and the Palmiye Installment Shopping Card services, POS and member
merchant services, Internet banking, call center, interactive voice response
system and SMS banking services are presented continuously.
The permanent change project aiming at carrying the modern management
techniques and management and service concept of the 2000s to the body of
the company with the young and dynamic service staff, almost all of whom are
university graduates and experts in their fields and expert consulting
staff, its sound capital structure and economic power, make Kuveyt Türk the
leader of the Participation Banks in Turkey. |