WITH OPERATIONS IN 18 COUNTRIES AT 108 LOCATIONS, ZIRAAT BANK CONTINUES TO CONTRIBUTE TO GEOGRAPHICAL REGIONS THAT IT OPERATES.

With operations in 18 countries at 108 locations, Ziraat Bank continues to contribute to geographical regions that it operates.

Ziraat Bank’s corporate subsidiary strategy is designed on strengthening equity with sustainable profitability.

Providing its customers products and solutions in all areas of financial services within the frame of its subsidiary policy built on foundations of efficiency and profitability, Ziraat Bank has a wide domestic and foreign subsidiary portfolio.

The Bank’s main goal is to increase its subsidiary’s share of assets and profits in Ziraat Finance Group in the medium term and provide all services under Ziraat Finance Group umbrella.
In this context the Bank operates with the following objectives:

• to maximize the synergies between domestic subsidiaries operating in different sectors and foreign subsidiaries spread over a wide geographical area,
• to contribute financially to its customers’ transaction flows all around the world and establish a global customer management principle,
• to introduce new/pioneering financial technologies to geographical areas that the Bank operates in.

Ziraat Bank regularly evaluates organic and inorganic growth alternatives in the countries and sectors where it identifies potential based on profitability and efficiency, in line with its strategy and goals.

During 2019, the Bank’s foreign service network reached 108 locations with the following 6 branch openings:

• KZI Bank Central Branch No. 1 Banking Services Center/Almaty and Karaganda in Kazakhstan,
• Kutaisi branch in Georgia,
• Sumqayit in Azerbaijan,
• Corporate Branch/Tashkent, Uzbekistan,
• Ferizaj in Kosovo (Ziraat Bank branch).

INTERNATIONAL SUBSIDIARIES

GERMANY
Ziraat Bank International AG is the most significant 100% Turkish capital bank in Federal Republic of Germany and European Union.

Ziraat Bank International AG has been serving its corporate and customers from a wide range of retail segments with its branches in Germany for 55 years and from the Istanbul Representative Office, which entered operation in April 2014.

Ziraat Bank International AG currently has branches in Berlin, Duisburg, Frankfurt, Hamburg, Hannover, Köln and Munich.

BOSNIA
ZiraatBank BH d.d., which began its activities in 1997, was Bosnia and Herzegovina’s first bank to be owned by foreign capital. ZiraatBank BH d.d. provides services through 32 service units throughout the country.

MONTENEGRO
After receiving permission to engage in banking operations from the Montenegro authorities in April 2015, Ziraat Bank Montenegro AD began offering service in July 2015. The bank carries out its activities out of its Bar and Budva branches, as well as the Head Office and the Podgoritsa Branch in the capital Podgoritsa. The bank is a wholly-owned subsidiary of Ziraat Bank.

AZERBAIJAN
Ziraat Bank Azerbaijan ASC acquired its banking license as of 30 December 2014 and continues its operations with Headquarters in Baku and branches in Ganja, Sumqayit and Old City. All of the shares of the bank belong to the Ziraat Finance Group.

RUSSIA
Established in 1993 as a joint venture of Turkey and Russia, Ziraat Bank (Moscow) JSC has been operating as a bank fully backed by Turkish capital since 2002, with a focus on corporate banking.

KAZAKHSTAN
Kazakhstan Ziraat International Bank (KZI Bank) was established in 1993 as the first bank with foreign capital in Kazakhstan with its head office in Almaty. The bank provides services to customers in the corporate and retail banking fields through its 7 branches in the cities of Almaty, Astana, Shymkent, Aktau Atırau and Karaganda.

UZBEKISTAN
UTBANK JSC, Uzbekistan’s first bank with foreign capital, was established in 1993 in Tashkent with a Category 1 banking license, with the equal participation of Ziraat Bank and Agrobank (Uzbekistan). The bank provides all banking products and services in the corporate and retail banking fields to its customers at international quality standards. In the last quarter of 2017, all of Agrobank’s shares in the Bank were transferred to Ziraat Bank and 100% of UTBANK JSC’s shares were registered in the name of Ziraat. The Bank continues its activities as “Ziraat Bank Uzbekistan JSC”.

Following Operu, Yunusabad branches, the Corporate Branch/Tashkent was opened at year-end 2019.

GEORGIA
JSC Ziraat Bank Georgia, previously operating as a foreign branch, was transformed into the status of a 100% subsidiary on 2 May 2017 with the principle of strengthening the economic relations with this country.
Following Batumi, Marneuli, Tbilisi and Tsereteli branches, Kutaisi Branch was opened as the fifth branch in December 2019.

TURKMENISTAN
Turkmen Turkish JSC Bank, Turkmenistan’s first bank with foreign capital, was established in 1993 with the equal participation of Ziraat Bank and Dayhan Bank (50% each). The bank operates with one Headquarters Service Building and six offices in Toptancı Pazarı, Türkmenabad, Mary, Daşoguz, Kerki and Bereketli in Turkmenistan.

DOMESTIC SUBSIDIARIES

ZIRAAT KATILIM BANKASI A.Ş. (Ziraat Participation)
Established in 2015 as the first public participation bank backed by public capital, Ziraat Katılım Bankası (Ziraat Participation) was providing services out of 93 branches in 43 provinces as of 2019 year-end. The bank acquired Ziraat Finansal Kiralama A.Ş. (Ziraat Leasing) on 1 March 2019, and was honored with 3 awards for this merger at the Stevie Awards, a business awards program recognizing world-class successful enterprises, projects and initiatives. The author of several firsts in the sector, the bank has espoused the “Joint Investments Model” in order to support profitable and sustainable investments.

ZIRAAT SIGORTA A.Ş.
Ziraat Sigorta was established on 11 May 2009 and began its insurance activities in 2010. The company succeeded in becoming an exemplary company in the sector, maintaining sustainable growth and profitability while commanding a leadership position in the premium generation of banking insurance.

ZIRAAT HAYAT VE EMEKLİLİK A.Ş.
Ziraat Hayat ve Emeklilik, which obtained the permission for its establishment in 2009, started to sell products in the life and personal accident insurance branches at the beginning of 2010 and in the Individual Pension branch in July 2011.

ZIRAAT PORTFÖY YÖNETİMİ A.Ş.
Ziraat Portföy Yönetimi was founded in 2002. Ziraat Portföy Yönetimi obtained the authority to be a fund founder in 2015 and is now the founder-manager of 19 investment funds and manager of 74 pension investment funds, together with interest-free funds. (21 Ziraat Emeklilik, 27 Vakıf Emeklilik, 20 Halk Emeklilik and 6 Bereket Emeklilik funds).

Within the framework of financial system restructuring under the New Economic Program, Vakıf Portföy and Halk Portföy were being merged under Ziraat Portföy Yönetimi umbrella.

ZIRAAT YATIRIM MENKUL DEĞERLER A.Ş.
Established in 1997, Ziraat Yatırım keeps on strengthening its operations to create value in corporate finance area.

In 2018, the company realized transactions in Borsa İstanbul’s Stock Market, Derivatives Market (VIOP) and Repo-Reverse Repo and Bond and Bills Markets.

Within the scope of corporate finance services, Ziraat Yatırım maintained its effective position by intermediating in private sector bonds and bill issuance aimed at qualified investors in 2019.

ZIRAAT GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş. (ZIRAAT REIT)
Ziraat REIT began operations on 1 November 2016. Ziraat Bank owns all of the shares of the company.

The Company’s 2019 operations were realized within the frame of identifying, acquisition and designing real estate investments which will have a maximum return with an optimum risk level.

The Company keeps projects/land and building portfolio to carry on numerous real estate projects and continues its studies and feasibility works.

ZIRAAT GİRİŞİM SERMAYESİ YATIRIM ORTAKLIĞI A.Ş. (ZIRAAT VENTURE CAPITAL)
Established on 14 November 2018, the company is a wholly-owned subsidiary of Ziraat Bank.

Ziraat Venture Capital acquires equity stakes in ventures with growth potential, provides the leverage and growth they need, and works to help them achieve sector-based strengthening within the frame of a corporate and strategic plan.

ZIRAAT TEKNOLOJİ A.Ş.
Since its establishment in 2001, Ziraat Teknoloji has been providing information technology services to Ziraat Bank and its domestic/foreign partnerships in the fields of application development, systems management, project management and technology consultancy. Ziraat Teknoloji continues its activities in the Technology Development Zone (Teknopark) located in the Yıldız Technical University campus. It plays an important role in the projects carried out by the Ziraat Finance Group thanks to its competence in the field of technology with the software and applications that it developed in line with the requirements of ISO 9001, 22301 and 27001 standards.

Being a company which provides competitive advantages by offering services within international standards and modern norms to meet its customers’ technology needs and constantly developing itself and its products with R&D activities are among the main goals of the Company.