Kuveyt Türk, Turkey's leading participation financial institution, held its general assembly meeting in 2022 with the participation of senior management and shareholders. In the general assembly, where the financial results and the information about the performance and financial statements of 2021 were shared with the shareholders, the expectations and targets for 2022 were conveyed in line with the 2025 strategy. Kuveyt Türk decided in the general assembly to distribute 250 million TL from the profit to the partners in the form of cash dividends in proportion to their shares.
Kuveyt Türk, which has been serving its customers for more than 30 years with its innovative products and services developed in line with the participation finance principles, is taking firm steps towards its goals in line with the 2025 strategy that it has prepared by focusing on customer experience and satisfaction. In this direction, Kuveyt Türk, which held the ordinary general assembly meeting in 2022 with the participation of the senior management and the shareholder, shared both the financial performance and progress for 2021 and the most up-to-date information about the financial statements with its shareholders. At the general assembly meeting, Kuveyt Türk decided to distribute the 250 million TL it allocated from the profit to the partners in the form of cash dividends in proportion to its shares.
“We aim to be one of the best financial institutions in customer experience ”
Expressing his opinions at the 2022 general assembly meeting, Kuveyt Türk General Manager Ufuk Uyan stated "In 2021, when the effects of the epidemic continued, the macroeconomic outlook and global economic activity followed a fluctuating outlook. In this period, we have implemented many innovations in line with our digital transformation efforts. We have offered innovative and technological solutions to meet the financial needs of our customers, and we have made important collaborations with Turkish Airlines, especially Miles & Smiles partnership. In our strategic goals for 2025, which we have shaped under three main headings as customer experience, digitalization and financial health within the framework of the competitive conditions brought by our presence among the top 10 banks, we have focused on our customers in all our activities. We aim to be one of the best financial institutions in Turkey in customer experience by providing a seamless, easy, fast and smooth experience environment to our customers. When we reach 2025, we aim to offer the best customer experience to 10 million customers. "
“We will continue to take steps that add value to our shareholders' savings”
Stating that they are taking firm steps towards becoming the main bank of commercial and corporate customers, Ufuk Uyan stated "With our mobile first approach, sustainable banking understanding will be one of our most important providers in our 2025 vision, where we aim to provide the best customer experience by being among the best financial institutions in the market with our product and service diversity in our digital channels. As Kuveyt Türk, we will take important initiatives in the fields of environmental, social and governance on our 2025 route as always. In line with our 2025 strategy, we will continue to offer innovative products and services to our customers in 2022. With our strong capital structure and dynamic corporate governance approach, we will continue to take steps that add value to our shareholders' savings. We would like to thank all our employees, our stakeholders that we act together and our valuable shareholders who have never withheld their support from us for our achievements during this challenging period. "
Kuveyt Türk in figures as of the end of 2021
- Kuveyt Türk provided 140.8 billion TL support to the real economy through cash and non-cash fund transfers.
- Fund growth, which was made available in 2021, was 56%.
- Due to its high active quality, the ratio of non-performing receivables was 2.49%.
- Investments and foreign trade were financed with a fund growth of 148.9% foreign currency during the year.
- Annual fund growth was 74%, reaching a total fund volume of 212.1 billion TL.
- Fund growth amounted to 71% Turkish Lira since last year.
- The share of current deposits in the collected funds was 60.4%.
- The average equity profitability was 27.12%, which put us in the first place in the banking sector.
- The capital adequacy ratio reached 23.05%, with a legal limit of 12%.