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2011 Third Quarter

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Chairman Ahmet ÇALIK

CEO Dr. Önder HALİSDEMİR

Year of Establishment 1999

Shareholding Structure 100% affiliate of Çalık Holding

Date of Re-structuring Started in 2007

Total Assets* (mio USD) 1.337

Equity* (mio USD) 140 (123% increase in 2 years time)

Revenue* (mio USD) 90.6

Net Profit* (mio USD) 27

ROA* 2.76%

ROE* 26.6%

Number of Employees* 380

Number of Branches* 7

Number of Sales Points* 4 thousand

Network of Correspondent Banks* 446 banks in 87 countries

Ratings* A National / BB International (JCR)

SWIFT CAYTTRIS

Reuters AKTS

Web Adress www.aktifbank.com.tr

* As of September 30, 2011

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BRIEFLYAKTIF BANK

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Summary Financials

FIGURESRAPID AND HIGH QUALITY GROWTH

Asset Size Growth

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Aktif Bank’s Rank Among Turkish Banks

2007 2008 2009 2010 2011 Q3

95,575165,797

383,905

956,915

1.333.065

14 T

imes

41

3633

29

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Summary Financials

FIGURES

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Loan Growth & NPL Ratio (Retail)

NPL : 0.00%

Loan Growth & NPL Ratio (Corporate)NPL : 0.01% NPL : 0.13%

NPL : 0.41% NPL : 0.34% NPL : 0.59% NPL : 0.88% NPL : 0.67%

NPL : 0.00% NPL : 0.00%

USD thousands

Loan Growth & NPL Ratio (Total)

USD thousands

NPL : 0.57%NPL : 0.43% NPL : 0.76% NPL : 0.43%NPL : 0.00%4

2007 2008 2009 2010 2011 Q3

64,866 80,101

197,545

470,318

788,925

12 Tim

es2007 2008 2009 2010 2011 Q3

33663057

347022

1032 Times

2007 2008 2009 2010 2011 Q3

64,866

80,101

197,209

407,261

440,749

RAPID AND HIGH QUALITY GROWTH WITH ONE OF THE LOWEST NPL IN THE BANKING SECTOR

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Revenues

Summary Financials

FIGURES

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USD thousands

Shareholders’ Equity

Net ProfitUSD thousands

2007 2008 2009 2010 2011 Q3

11,47315,037

31,246

69,524

90,688

8 Ti

mes

2007 2008 2009 2010 2011 Q3

2,285 1,0536,182

22,70727,269

12 Times

2007 2008 2009 2010 2011 Q3

55,293

108,502 113,361138,474 140,2352,5 Times

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Summary Financials

FIGURESBECOMING A REPUTABLE GLOBAL ACTOR

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Funds Borrowed

Million USD

Number of Correspondents

2007 2008 2009 2010 2011 Q3

100

169

226

320

446

4 Times

2007 2008 2009 2010 2011 Q3

2948

65

220

287

10 T

imes

87 Countries

AKTİF BANK : THE MOST EXTRAORDINARY BANK OF TURKEYIGURESF

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NPL Ratio Financial Leverage Ratio

* As of 30 September 2011

2011 September 2010

2.7%

4.0%

0.4%1.0%

Turkish Banking Sector Aktif Bank

2011 September 2010

8.6%7.4%

9.5%

6.9%

Turkish Banking Sector Aktif Bank

1.6%

13.7%

2.8%

26.6%

Turkish Banking Sector Aktif Bank

ROEROA

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BDIRECTREGIONALCITY

ANKING

Retail Investment International

NEW GENERATION BANKING MODEL

Corporate

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Instead of investing in branch network, we provide technology-based products regardless of time and location constraints with convenient and attractive prices.

Branchless banking model

Online integration with the Post Offices

“Shop in Shop” concept

BANKING

DIRECTREGIONALCITY

DIRECT BANKING

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CITY BANKING

To provide customized financial & non-financial products and services for the different needs of the cities

Concentration centers in

the cities

Proper alternative

distribution channels for

operational and financial

infrastructure of the city

Corporate and investment

products for the

municipalities and local

businesses

REGIONAL BANKING

To expand trade relations as a financial actor in Balkans, the CIS and the Middle East

Synergies with our foreign based subsidiaries

Growing with new subsidiaries in the region

To be role model for other countries

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Aktif Bank Has The Widest Distribution Network Without Branches

Electronic Channels

Aktif Bank Web Page and City Portals in Turkey

Product Web Sites in Turkey

Internet Banking in Turkey and Albania

Mobile Banking and Mobile City Applications in Turkey and Albania

Dealer Portals in Turkey

Call Center in Turkey and Albania

Physical Channels

Turkish Post Offices (PTT) 4.200 points in Turkey

Merchant Channel Network 800 points in 10 cities

Aktif Kiosks 42 locations in 6 cities

Branches 7 in 7 cities

E-POS10.000*

* Projected

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Aktif Bank’s Retail Banking Innovations

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The first and the only online-realtime

platform between bank networks and

Turkish Post Office.

Widest physical distribution channel via

4.200 points, including 1.200 locations

where there are no bank branches.

Quick product and service deployment.

Cash Collection

Loan Collection

BondBilling

CollectionCard

Collection

Cash Withdrawal

Loan Payment Cash Withdrawal

Financial Products

Credit Application

Card Application

Account Opening

Application

Regular Transfer

Instructions

Money Transfers (UPT)

Other Company

Products

Aktif Online Platform

Full Online Integration With Post Offices

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We Are The First And The Only Bank Offering End To End Banking Products And Services Through PTT

Loan:Personal Loan for PTT for Payroll Customers Personal Loan for PTT Employees

Bond:Aktif Bond

Money Transfers:TL/USD/EURO UPT (Universal Payment Transfers)

Insurance:Loan Related Life Insurance

Payments:Bill PaymentsDealer Payments

Financial World Innovation Awards 2011 Finalist

Aktif Online Platform

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Loans through PTT Branches

Aktif Bank collaborates with Turkish Post Office

(PTT) and offers consumer loans to the PTT

payroll customers and PTT employees.

Given sufficient funding, accessing these

2.500.000 payroll customers and 37.000 PTT

employees with secured, collateralized retail

loans offers has a sales potential of USD 2

billion

Loan Products - “PTT Credit”

Figures End of 2010 2011 Q3

Number of PTT Credit 21.284 92.745

Number of Customers 20.520 80.704

Transaction volume USD 53 m USD 348 m

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Loans through Dealers and ADCs

Aktif Bank has become the market leader in

consumer finance for furniture, heating and

energy systems sectors in 18 months.

Many national and global brands such as Doğtaş,

Kelebek, İstikbal have become credit sales points

for Aktif Credit.

Aktif Bank’s Dealer Credit System - Kreaktif is

used at more than 1.000 dealers around Turkey.

Loan Products - “Dealer Credit”

Figures End of 2010 2011 Q3

Number of Credit 3.583 16.721

Number of Customers 3.527 16.514

Transaction volume USD 8 m USD 28 m

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REAKTIFLOAN FACTORY

Our dynamic and measurable loan factory

includes flexible workflows and has high

integration capability with different channels

such as dealer, web, SMS and branch banking.

Business Rule Management System integrated to

loan factory produces loan decision in seconds.

Other components of factory are:

Verification Module

Fraud Module

User-friendly screens

Smart Application Fields

Dynamic Matrix

Online Web Services

Collateral, Document Management

Reporting and Monitoring System

K INSTANT CREDIT DECISION

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P2

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Domestic Transfers

International Transfers

Internet Transfers and Payments

PRODUCTS

‘Universal Payment Transfer Platform’

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Universal Payment Transfer Platform

Universal Payment Transfer Platform;

Upt is an integrated online payments and

transfers platform with physical cash

acceptance and payment points. Starting

from domestic transactions in Turkey, UPT is

enlarging into international transfers and

Internet payments area.

We Are Completing Step By Step The World's Most Flexible And Widest Platform By Bringing Together Physical And Virtual Channels

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UPT is unique

Only program in Turkey for transfers between post offices and the

banks.

UPT Is Competitive And Profitable

Without any branch overhead, it is possible to price the product

well below the market

UPT Is Easy

Anyone can use UPT even when they are not a bank customer

UPT Is Widespread

4.200 Turkish Post Offices, over 8.800 bank branches, telephone

and internet banking as well as withdrawing cash from all 22.800

ATMs in Turkey

UPT Domestic Transfers

Figures End of 2010 2011 Q3

Number of UPT Transactions 152.528 204.861

Number of Customers 86.644 104.501

Transaction volume USD 71 m USD 75 m

‘UPT” is the Cheapest and Most Common Money Transfer Program in Turkey

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Foreign Currency Transfers

Universal Payment Transfer Program offers the customers to

send and receive local or foreign currency to all banks and to

all member partners all around the world.

Money transfers currently are available in two different

methods;

Aktif Bank is creating member partnerships and global

bank to bank money transfer networks starting from

European Union and Middle East countries. Member

locations and banks provide online transfers to customers.

Aktif Bank is also the member of global Swift network

which covers rest of the banks with secure transfers.

We are the candidate to be one of the leading money

transfer programs in the near future.

UPT International Transfers

‘UPT” Combines Best Of World’s Successful Money Transfer Programs

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Aktif Card System (AKS) is a multilingual, multi

currency, multi-institution loyalty card platform

AKS processes huge volume of transactions with high

speed in a secure

AKS is capable of setting payment standards between

Turkey and the neighbouring countries

PrePaid card programs and offline transaction/balance management

Mifare, PayPass (MC) and PayWave (VISA) contactless card application, NFC

Standard credit card, debit card programs,Loyalty and point applications

Campus cards, fan cards, transportation cards,gift cards, Skipass, food cards, access control systems

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We are the first Bank in Turkey to develop “a-purse”

(Aktif Purse) which is a dual interface chip card

application with transportation functionality. “a-

purse” is a product of pure LOCAL engineering and it

is fully compatable with GLOBAL standards

Automatic Decision System

Office Verification Module

Fraud Module

User-friendly screens

Smart Application Fields

Dynamic Matrix

Online Outsource Interrogation

Card Platform - Prepaid/Debit/Credit Card Management System And Chip Technology

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In Every Aspect Of Life

Prepaid

Transportation

Purchase

Loyalty Points

Aktif 00

Supporting transport and payment

systems together on one single card.Aktif 38 is a prepaid and transportation card that is

unique to Kayseri. It can be used on transport

systems and at contracted outlets (shops,

restaurants, cinemas, etc...) and also offers

assistance and insurance services as well as

discounts and gift points.

Aktif 38, Best Of The Prepaid World

Supermarket

Cinemas

Transportation

Gas station

Bookshops

Parks

Shopping

Medical expenses

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2009/10 League of American Communications Professionals (LACP) Annual Report Competition 2009 Best Annual Report Narrative Platinum Award Design Management Platinum Award Among Top 50 Annual Report 2nd Ranking2010 Vision Awards by LACP Aktif Bank Design Management Gold Award MerComm - Galaxy Awards – «Banking» Silver Winner MerComm – The Academy of Annual Reports Silver Winner2011 Cards and Payments International Awards - Aktif38 Best Third Party Prepaid Product Retailer Award Best Non-US Based Prepaid Program VRL Financial Awards - Aktif38 Best Prepaid Card Product Business Initiative Directions (BID) International Quality Award Financial World Innovation Award- Aktif Online Innovation in the Distribution of Financial Products

Aktif Bank’s Innovations Awarded Internationally

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Aktif Bank’s Corporate Banking Innovations

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We initiated the formation of a commercial paper market

in Turkey

Under this program, we issued the first bank bond in

Turkey

All of our issuances have been fully subscribed

1st tranche: TL 35 million (USD 23mn) (September2009)

2nd tranche: TL 65 million (USD 43mn) (September 2009)

3rd tranche: TL 100 million (USD 64mn) (February 2010)

4th tranche: TL 400 million (USD 270mn) (April 2010)

5th tranche: TL 700 million (USD 482mn) (September

2010)

6th tranche:  TL 1 billion (USD 627 mn) (May 2011)

Net amount subscribed: TL 761 mn (USD 411 mn)

TL 90 million (USD 48 mn) is quoted in Istanbul Stock

Exchange.

With a maturity profile of 30 days to 360 days

Tax advantage over time deposits

Aktif Bond is quoted on Reuters and Bloomberg

Aktif Bank Bond

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Aktif Bank Structured The First Asset Backed Securitization Of Turkey

STRUCTURE SUMMARY

• Issuer : Aktif Bank Varlık Finansman Fonu

• Investment Bank & Originator : Aktif Bank

• Underlying Asset : Payroll Deductible Loans Through PTT

• Market : IMKB (Istanbul Stock Exchange)

• Guarantor : Aktif Bank (5%)

• Rating : AAA

• Issue date : 20/10/2011

• Issue Size : 187 million TRL

Lowest possible risk profile under Turkish sovereign

risk rating.

Installments deductible from state pensioner

payments deposited by Republic of Turkey .

Suitable for repo and reverse-repo agreements.

Life insurance is obligatory for all borrowers.

ABSs are over collateralized with the guarantee of

Aktif Bank.

Traded through both organized and OTC markets.

Tax advantage compared to term deposit products.

Brand new opportunity for investors enjoying the high

yield of consumer loans with a repayment stream

secured by Turkish Treasury.

Asset Backed Bond Maturity Nominal (TRL)

VDMK_69 Days 28.12.2011 21,858,306

VDMK_160 Days 28.03.2012 35,777,026

VDMK_251 Days 27.06.2012 32,350,819

VDMK_342 Days 26.09.2012 28,071,847

VDMK_524 Days 27.03.2013 46,300,509

VDMK_615 Days 26.06.2013 14,720,239

VDMK_802 Days 30.12.2013 7,922,793

Total 187,001,539

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ACT Services

Marketing and sale of products and services

Research activities

Loan supply, collateralization and legal consultancy

Credit evaluation

Operation and monitoring

Management and logistics

ACT Office

Foreign investors have demonstrated more

interest in Turkey, which has attracted greater

attention from the global business with its

consistent and rapid growth performance in

recent years. Seeing this potential, Aktif Bank

desingned the “Act Office” service concept in

2009 to provide the following services required

by international financial institutions in Turkey

and other countries in the region

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Aktif Bank became the only agent in

Turkey and in the region to offer

foreign trade, structured finance,

export loan and advertisement

insurance products and services which

are only provided by ITFC and ICIEC to

their member countries

Local and regional agent of ITFC and ICIEC

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First direct bank of Turkey

Only bank to have online realtime integration with Turkish Post Offices (PTT)

Founder of Money Transfer Programme which is commonly used in Turkey

One of the few banks in Turkey with an instant decision making credit system “Credit Factory”

The first bank to issue a commercial paper program

The first bank that structured an asset backed securitization for the Consumer Loans in Turkey

The first bank to introduce “Liaison Office” concept in Turkey (“ACT Office”)

One of the few banks with dealer credit system

Market leader in contactless cards in Turkey

The first bank to develop “a-purse” which is a dual interface chip card application with transportation functionality

The first to develop a transportation kiosk

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APPENDIX

311

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We are an Affiliate of a Reputable Global Conglomerate

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Ç The leading investor in Turkey, Balkans and CIS

One of Turkey’s most up and coming Groups with

more than 20,000 employees in 14 countries

30/06/ 2011 Assets of USD 6.3 billion and Revenues of USD 2.2

billion

5th Turkish corporate issuing a Eurobond

Reputable partnerships and cooperation with

global brands

ENI, EWE, Mitsubishi, General Electric, Turkish Telecom

Qatar Investment Authority, Anatolia Minerals, Initec Energia

ALIK HOLDING

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Owns 76% stake in Albania's Albtelecom

Turkish Telecom is a strategic partner with 20% share

Incumbent fixed line operator in Albania

290,000 subscribers with a potential of 1 million, 30% penetration

Third GSM operator after AMC and Vodafone (15% market share)

POWER SYSTEMS

Completed turnkey delivery of 5 power stations with a total

capacity of 883 MW in Turkmenistan

254 MW 6th power plant under construction

Long-term supply and maintenance contract with Turkmen state

Hold 10 licenses to construct hydroelectric, wind and thermal power

plants with a total capacity of 1500 MW in Turkey

Joint construction of a gas power plant in Uzbekistan with Initec

Energia of Spain

Project amount of USD 470 million

Generation capacity of 472 MW

Completion date of 2013

UTILITIES

Yeşilırmak Electricity Distribution Company

1.5 million subscribers in the cities of Samsun, Amasya, Çorum, Ordu and Sinop

Yeşilırmak License was acquired in December 2010 and the acquisition price has

been USD 441.5 million

Participates as an investor in Bursagaz and Kayserigaz.

Bursagaz and Kayserigaz services 850,000 households

TAPCO

Awarded the license to build and operate strategically important

Trans-Anatolian Pipeline (TAP)

Partnership with ENI Group of Italy

Annual capacity of 50-70 million tons of oil

Completion date of 2013

EXPLORATION AND DRILLING Explores and drills oil and gas in Turkmenistan

Partnership with Parker Drilling of USA

Holds oil and exploration licenses in Eastern Turkey and Thrace

region REFINERY

Awarded the license to build a refinery and petrochemical complex

in Ceyhan

Annual capacity of processing 10 million tons of crude oil and 2

million tons of petrochemicals , Budget of USD 6 billion

ALBTELECOM

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MEDIA

One of only two nationwide print distribution network in Turkey

5 regional offices (2 representative offices)

5 printing facilities

25,794 sales outlets (810 chain stores)

221 distributors

20% market share in TV & newspaper advertising

Lusail International Media Co., media affiliate of Qatar Investment

Authority, is 25% shareholder of Turkuvaz

GAP GÜNEYDOĞU TEKSTİL

GAP Güneydoğu is one of the world’s top ten suppliers of denim

The only rated textile company in Turkey with a local currency

rating of BBB+ from Fitch

Active in the production of yarn, fabric, garment and home textiles

Manufacturing operations in Turkey, Turkmenistan and in Egypt

Majority of sales exported to North America, Europe, North Africa

and East Asia

Top 3 export destinations are the USA, Italy and Spain

Customers include global names such as Diesel, Replay, Lee-

Wrangler, Levi’s, Benetton, H&M, Calvin Klein, Tommy Hilfiger,

Zara G-Star, Miss Sixty, M&S, Next, Esprit, Escada

GAP İNŞAAT

GAP İnşaat ranked 176th in the “Top International Contractors” list of

ENR magazine in 2010

Active in the construction of turnkey industrial plants, infrastructure

and environmental projects, hospitals, hotels, schools, roads and

museums

Cover Middle East, CIS and North Africa

Value of completed projects amounts to approximately USD 2.5 billion

Value of housing projects in the pipeline with a start date of late 2009

in Istanbul is around USD 750 million

Undertaking Turkey’s first urban transformation and renovation

projects with private involvement in the heart of Istanbul

Tarlabaşı, Fener Balat

ÇALIK MADEN

An extensive partnership with Anatolia Minerals in Turkish mining

industry

Anatolia Minerals is based in the US and holds more than 100

licenses in Turkey

Çalık Maden buys into Çukurdere, a subsidiary of Anatolia Minerals

175,000 ounces annual production started in 2010

Cukurdere owns a gold mine in Erzincan with 6m ounces reserves

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E-Kent in figures; 9 Million Population

3 million pre-paid cards

2,250 buses

650 tollgates

1000 top-up points and ticket boots

More than 1 billion transactions per year

2010 Revenues of USD 9.250.000

E-KENT

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‘Builds Urban

Technologies’E-KENT IS A PROVIDER OF HIGH-TECHNOLOGY SOLUTIONS AND SERVICES FOR MODERN URBAN MANAGEMENT

Established in 2002 and since early 2008 E-Kent

is a affiliate of Aktif Bank. it is Turkey's largest

electronic fare collection operating company, and

currently operates services in 11 residential area

of Turkey

Provides modern and high-technology solutions

for city life

Operates contactless card payment systems in public

transportation

Services citizens, municipalities and private bus

companies with advanced technology solutions and

consulting

Expert in widespread field operations

Acquisition of E-Kent by Aktif Bank

Access to micro-payments market in transportation

Legitimization of cash receivables

Introduction of “city card” solutions

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Owned 100% by Çalık Financial Services Active in Corporate and Retail Banking with market

share of

17% in deposits

12% in loans Second largest bank amongst 16 banks in terms of

asset size as of September 30, 2011

Total Assets USD 1.8 billion

Deposits USD 1.56 billion

57 branches throughout Albania

22 branches in Kosovo

Captures 80% of trade activity between Turkey and

Albania In 2009, it was selected as the “Best Bank of the Year”

and “Best Medium Sized Bank in CEE” by Finance Central Europe Magazine. In 2010, it was selected as the “Best Bank of the Year” by The Banker Magazine and awarded the “Quality Management Certificate” by Certiquality.

Rated AAA Stable by Japanese Credit Rating Agency (JCR)

THE FIRST BANK WITH TURKISH CAPITAL TO HAVE INVESTED IN KOSOVO BEFORE THE INDEPENDENCE OF KOSOVO WAS DECLARED.

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