Page 19 - A&T_BANK_FRAE_2013

Basic HTML Version

19
4
GENERAL INFORMATION
50
CORPORATE MANAGEMENT
67
FINANCIAL INFORMATION
A&T BANK 2013 ANNUAL REPORT
1975
The agreement on the establishment of
a joint bank between Libya and Turkey
was signed in Tripoli, Libya.
1977
Arab-Turkish Bank was founded within
the framework of the 1975 agreement.
1980’s
A&T Bank became one of the first
banks in Turkey to perform international
money-market transactions and
foreign-exchange operations. It was
also one of the few banks in the country
to finance export transactions to North
Africa and Middle East countries.
1997
Bank’s subsidiary A&T Finansal
Kiralama A.Ş. was established to carry
out leasing operations.
2000 - 2005
The Turkish economy faced the most
destructive twin financial crises of
its history at the beginning of the
2000s. The number of banks in Turkey
decreased from 79 to 48 in this period.
Thanks to its strong capital structure,
effective management and the full
support of its main shareholder, A&T
Bank was not affected by this severe
financial turmoil. In addition, by using
its ability to access external sources,
and injecting them into the financial
system, the Bank continued to fulfill
its duty of supporting the economy,
thereby successfully emerging from this
very difficult period, while extending its
sustainable growth trajectory.
2008
The Bank defined a new strategy to
reposition itself in the Turkish banking
industry and increased its paid-in capital
by 485,4%, from TL 41 million to TL
240 million.
2009
The Bank was restructured and
reinvigorated, with new branches
opening in Kayseri, Konya and
Gaziantep in accordance with its
strategy of leveraging and promoting
closer ties between Turkish companies
and their counterparts in the MENA
region. The new corporate name and
rebranded identity were communicated
to the public via a nationwide launch
campaign.
2010-2011
Growth and high profitability were
maintained, despite adverse events in
the target market, Libya and other North
Africa countries. The Bank achieved
year-on-year growth of 103% in its net
profit to reach TL 48,1 million, taking
place in the forefront with its return on
equity ratio of 15,72%.
2012
The Bank opened its seventh branch in
Güneşli, Istanbul. Substantial progress
was achieved in line with the target of
sustainable and healthy growth. The
Bank capped the year with a return on
equity ratio of 16,58%, exceeding the
industry average rate of 15,77%.
2013
By maintaining
its growth and
profitability, the
Bank attached
great importance
to increase its
operational
efficiency
and enhance
information
technologies
infrastructure. As
being effective in
both the corporate
and commercial
segments, A&T
Bank ranked first
in its peer group
with a 12.02%
return on equity.