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A&T BANK ANNUAL REPORT 2014
About A&T Bank
Since its establishment in 1977, A&T Bank has
specialized in facilitating trade between countries
in North Africa and the Middle East, and primarily
between Turkey and Libya.
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 2014, A&T Bank had 282 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.
A&T Bank significantly contributes to industrial and commercial
development of Turkey by means of various facilities, including
financing for the exporters operating in the Middle East and
North Africa as well as project financing it provided in the
region, funds obtained from abroad, treasury operations and
loans allocated. Additionally, the Bank also provides support to
industrial and commercial development through its subsidiary,
A&T Finansal Kiralama A.Ş.
Today, A&T Bank is the number one Turkish bank in terms
of market shares with Libya, and ranks among the top banks
in other countries. For 37 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 approximately 400 correspondent banks
around the world, as well as its strong relationships and organic
ties with North Africa and the Middle East built up over 37 years,
A&T Bank aims to sustain its mission of linking Turkey to the
region.