Since its founding in 1989, Kuveyt Türk has focused on participation banking and research in the field of investment.
Its success is built on key principles of offering stable, reliable, quality, customer-oriented and new generation banking services to clients and investors, while providing staff with ongoing training and improvement.
Kuveyt Türk’s shareholders include Kuwait Finance House which holds 62.24 per cent stake in the institution, Turkish General Directorate of Foundations 18pc, Kuwaiti Public Institution for Social Security nine per cent, Islamic Development Bank nine per cent with the rest being held by other shareholders.
As the main partner, KFH guarantees stable growth of Kuveyt Turk, thanks to its fund size and efficient global service network.
Standing out with its strong capital structure and dynamic management, Kuveyt Türk ranks 11th in the overall banking sector and first among the participation banks in Turkey in terms of asset size totalling 67.3 billion Turkish lira as of the first half of 2018.
Its market share in financing in participation banking was 35.5pc during the same period, while shareholder’s equity was more than 5bn Turkish lira.
Kuveyt Türk pioneers the development of participation banking instruments and offers a number of innovative products and services to its clients.
Providing its clients with gram gold account services and gram gold withdrawal from ATM – as the first participation bank quoted in Istanbul Gold Exchange in 2007, the bank now has 15 different gold products and services.
Launching the first bank sukuk deal in Europe and Turkey in 2010, Kuveyt Türk issued sukuk of 4.390bn Turkish lira in the first 10 months of 2018 – the largest amount of sukuk in Turkey.
In 2010, the first research and development centre was established in the Turkish banking sector, followed by a second shortly after.
Kuveyt Türk is the only bank that has two research and development centres in Turkey.
Launching technological and innovative products and services, research and development centre develops projects including the XTM branch allowing for video-based self-service transactions – a first worldwide.
Established in 2017 by Kuveyt Türk in an effort to support entrepreneurs willing to implement their ideas and projects, Lonca Entrepreneurs Centre continues its activities.
Kuveyt Turk offers quality and quick banking services by means of technological solutions through its network of domestic and overseas branches and correspondents.
Kuveyt Türk Katılım Bankası operates through its 411 branch offices throughout Turkey as well as a Bahrain branch and 100pc subsidiary KT Bank AG in Germany where there are four branches.
While contributing to the development of the banking sector on the one hand, Kuveyt Türk Participation Bank also undertakes significant social responsibility projects based on social values preserving cultural assets.
Kuveyt Türk has undertaken many restoration projects to protect Turkey’s historical and cultural heritage such as books, documentaries and many more.