Efficiently providing a large number of financial products and services to its customers with its distinguished product and service structure, Kuveyt Türk contributes to the economy and maintains its pioneering position in the sector.
About Kuveyt Türk Katılım Bankası:
Kuveyt Türk Katılım Bankası A.Ş. has been operating in the interest-free finance sector since 31 March 1989. Kuveyt Türk contributes to the development of participation banking with its dynamic corporate governance approach, innovative products and its global expansion.
Kuveyt Türk, offering its select set of financial products and services efficiently to the savings holders and investors, maintains its leading position in the sector with customer-oriented approach, techo-innovative activities and digital transformation efforts.
Top ranking in participation banking
Kuveyt Türk ranks first among the participation banks in terms of funds collected, funds extended and asset size. Furthermore, in terms of gold banking, Kuveyt Türk ranks first among participation banks and third in banking sector.
Leader in gold banking
Kuveyt Türk pioneers the development of participation banking instruments and offers a number of innovative products and services to its clients. Having the largest product range in gold banking, Kuveyt Türk started its gold sales service in grams as the first and only participation bank listed in Istanbul Gold Exchange in 2007 and has since introduced many innovations at home and abroad in gold banking. A number of products or services such as the Gold Days, Gold Participation Account or ATM gold vending machines have all been introduced to the marketby Kuveyt Türk.
After being listed in the Istanbul Gold Exchange in 2007 and London Bullion Market Association in 2011, Kuveyt Turk has recently scored a major success by becoming the first corporation to be listed in Shanghai Gold Exchange from Türkiye as of January 2019. Kuveyt Türk, which offers its customers gram gold account service and gram gold withdrawal service from ATMs, has brought over more than 20 tons of gold to the country’s economic use so far.
Historical records in lease certificate
Closing the first bank sukuk deal of Europe and Türkiye in 2010, Kuveyt Türk has so far issued sukuk of 16 billion TL, 2 billion dollars and 800 million Malaysian Ringgit in domestic and overseas markets. The Bank achieved the highest Sukuk issue volume in Türkiye by issuing lease certificates worth of more than 5 billion TL in 2018 representing an increase by 120 percent in comparison to the previous year. Kuveyt Türk also acts as an intermediary for gold-based lease certificates issued by Turkish Treasury and Finance Ministry.
Support to mega projects of Türkiye
Kuveyt Türk is ever increasing its support for projects that contribute to the development of the country. The bank provided financing in an amount of 200 million Euros for Çanakkale 1915 Bridge and 100 million Euros for Niğde-Ankara Motorway and increased its total funding to 740 million dollars in renewable energy market.
The only bank that has 3 R&D centers
Established its first R&D Center in 2010 in Turkish banking sector, Kuveyt Türk is the only bank that has three R&D centers in Türkiye. Launching technological and innovative products and services, the R&D centers develops projects including XTM branch allowing for video-based self-service transactions, a first in the world.
BOA Banking Platform, developed entirely by Turkish engineers at Kuveyt Türk’s R&D centers starting a new era in the development of banking processes, will be used by more than 60 banks in nearly 20 countries by the end of 2021.
R&D centers also developed Your Bank (Senin Bankan)- the first interest-free banking platform in Türkiye-, the application module for the sukuk public offering deal-the first in Türkiye-and API Market Platform for entrepreneurs and FinTech developers.
Lonca Entrepreneurs Center
Established in 2017 by Kuveyt Türk in cooperation with Workinton in an effort to support the entrepreneurs willing to implement their ideas and projects, Lonca Entrepreneurs Center provides mentoring, multi-site incubation services, and a cash grant in an amount up to 10 thousand TL. Applicants are also eligible for R&D support including APIs, other privileges and opportunities to represent Türkiye in international competitions.
We focus on human in digital transformation
Launched its digital transformation in 2009, Kuveyt Türk adopted its digital transformation motto as “Digital is our route, people are our focus”. The bank aims at establishing a simple, transparent, agile and cooperative working culture by considering the changing expectations of digital generation and redesigning client and employee experiences. Kuveyt Türk designs its digital transformation so as to switch from product-based structure to client-based structure, from process-based structure to experience-based structure, and from transaction-based structure to interaction-based structure.
We grow with our values
Performing remarkable social responsibility projects by respecting the social values and protecting the cultural assets in addition to its operational activities, Kuveyt Türk funds a large number of restoration projects, and supports Turkish-Islamic arts through books and documentaries adopting the motto “We are growing with our values”.
Strong equity structure
Standing out with its strong capital structure and dynamic corporate governance, Kuveyt Turk’s shareholders include Kuwait Finance House holding 62,24 percent, Turkish General Directorate of Foundations holding 18 percent, Kuwaiti Public Institution for Social Security holding 9 percent, Islamic Development Bank holding 9 percent and other shareholders holding 1,04 percent. Shareholder’s equity of the bank is over 5.9 billion TL. Main partner KFH guarantees the stable growth of Kuveyt Turk thanks to its fund size and efficient global service network.
Geographical coverage in excess of 85 percent
Kuveyt Turk offers quality and fast banking services by means of technological solutions through its network of domestic and overseas branches and correspondents. Kuveyt Türk Participation Bank operates through its 425 branch offices throughout Türkiye as well as Bahrain branch office and its 100-percent subsidiary KT Bank AG has four branches in Germany.
Kuveyt Türk has, since founded in 1989, been painstaking in participation banking practices while offering reliable, customer-oriented and cutting edge banking services to its domestic and foreign clients.