Kuveyt Türk received two awards at the World's Best Banks Awards organized by Global Finance Journal, which has readers in 189 countries. In the ceremony held for the 20th time this year, Kuveyt Türk was awarded the prize of "Turkey's Best Islamic Financial Institution" while KT Bank AG was awarded the prize of "Europe's Best Islamic Financial Institution", which operates in Germany as the 100 percent subsidiary of Kuveyt Türk.
Turkey's leading participation bank with its innovative products and services, Kuveyt Türk was awarded two prizes in the World's Best Banks Awards organized by New York-based Global Finance Journal, one of the world's most prestigious publications. In the ceremony held for the 20th time this year in Indonesia on October 13, 2018, Kuveyt Türk was awarded the prize of "Turkey's Best Islamic Financial Institution" while KT Bank AG was awarded the prize of "Europe's Best Islamic Financial Institution", which was established in Germany as the 100 percent subsidiary of Kuveyt Türk.
“We lead the industry”
Receiving the prizes on behalf of Kuveyt Türk and KT Bank AG, Ufuk Uyan, the CEO of Kuveyt Türk, stated that World's Best Banks Awards are one of the most prestigious awards in the banking industry, and that Kuveyt Türk family is very happy to see their operations both in Turkey and abroad are rewarded with such a valuable award. Expressing that they'll be celebrating the 30th anniversary of the establishment of Kuveyt Türk in 2019, Ufuk Uyan said "We've been leading this industry since our establishment in 1989 in Turkey as a participation bank rendering modern, stable, reliable, quality and fast services and adopting the principle of continuous training and development. We support the real economy by funding the real trading needs of individuals and companies in need of financing as well as offering a customer-oriented service model with our 411 branch offices all over Turkey."
"We do care about foreign trade"
Stating that foreign trade is one of the areas they place strategic importance on, Uyan also said "With our extensive correspondent network and our expert staff, we support our customers by constantly developing and diversifying our foreign trade products and also contribute to the increase in the foreign exchange revenues of Turkey. On the other hand, we place great importance on the digital transformation that we believe will have a great share not only in the growth of our bank and our industry, but also in the growth of Turkey's economy as well. As Turkey's only bank with two R&D centers, we will continue to offer new technologies and products."
"We will increase access to interest-free financial system in Europe"
Referring to the operations of Germany-based KT Bank AG, Ufuk Uyan continued as follows:
"We carry out our operations abroad through our 100 percent subsidiary, KT Bank AG. With its head office in Frankfurt, KT Bank AG has branch offices in Berlin, Mannheim and Cologne. We expect to open our fifth branch office in Munich in the first quarter of 2019. KT Bank AG commenced banking operations in July 2015. We're tremendously happy that our recently-established bank with only four branch offices so far was chosen the best in its field of activity in Europe. We aim to increase access to interest-free financial system in other European countries through KT Bank AG in the long term.
New York-based Global Finance Journal with readers in 189 countries conducts the assessment for the World's Best Banks Awards according to various criteria such as technical innovation in service rendering, product quality, corporate reputation, customer satisfaction, geographical spread and strategic relations of the banks.