Page 14 - A&T BANK ANNUAL REPORT 2012

GENERAL INFORMATION
CORPORATE MANAGEMENT
FINANCIAL INFORMATION
ABOUT A&T BANK
With strong business relationships, and organic
regional ties, A&T Bank will continue its mission of
being the gateway of Turkey to North Africa and
the Middle East.
A&T Bank was established in 1977 in accordance with
the agreement, between Libya and Turkey regarding the
establishment of a joint bank, which was signed in Tripoli,
Libya on August 11, 1975 to foster trade between the two
countries.
The Bank is 62.37% Libyan-owned, 36.01% Turkish-owned
and 1.62% Kuwaiti-owned.
The Libyan Foreign Bank, a fully-owned subsidiary of the
Libyan Central Bank, holds all the company’s Libyan shares,
while Türkiye İş Bankası A.Ş. and T.C. Ziraat Bankası A.Ş.,
Turkey’s two largest banks in asset terms, hold 20.58% and
15.43% respectively, with the Kuwait Investment Company
holding the remaining 1.62%. The Bank is headquartered in
Istanbul.
As of year-end 2012, A&T Bank had 272 employees and
seven branches in five cities across Turkey: three in Istanbul
and one each in Ankara, Gaziantep, Kayseri, and Konya.
Since its founding in 1977, A&T Bank has specialized in
facilitating trade between Turkey and the countries of the
North Africa and Middle East region, primarily for Turkey and
Libya. Today, A&T Bank is the number one Turkish bank in
terms of transaction volume with Libya, and ranks among
the top banks in Syria, Algeria, Lebanon and Jordan. For
35 years, A&T Bank’s founders and employees have built
banking and business relationships, expertise and know-
how across the region, achieving steady, prudent growth and
establishing A&T Bank as the go-to player in this attractive,
high-margin market.
With a network of more than 450 correspondent banks
around the world, as well as its strong relationships and
organic ties with North Africa and the Middle East built up
over 35 years, A&T Bank aims to sustain its mission of
linking Turkey to the region.