Ziraat Bank’s corporate subsidiary strategy revolves around generating integrated solutions to meet the financial requirements of Ziraat Finance Group customers as a whole.

In this context, the Bank aims;

• To create a dynamic and effective synergy between its domestic subsidiaries, which are complementary to its financial activities, and its foreign subsidiaries spread over a wide geographical region, within the framework of Ziraat Finance Group’s vision,
• To contribute to the development of commercial and economic relations between Turkey and the other countries in which it operates, to play a strong role in the financing of foreign trade and to capture a high share in this area thanks to its wide foreign subsidiary network,
• To ensure that foreign buyers and/or sellers of its customers in Turkey are also customers of international service points, to be the global financial contact point of all customers, ultimately adding value to the Ziraat Finance Group,
• To provide a variety of products and services at a global level, as well as time and cost advantages, thanks to effective communication and fast business processes by contributing financially to the transaction flows of its customers around the world,
• To bring new/pioneering financial technologies in its geographies.

Ziraat Bank maintains its activities with foreign subsidiaries operating in Germany, Bosnia and Herzegovina, Montenegro, Russia, Azerbaijan, Georgia, Uzbekistan, Kazakhstan and Turkmenistan, in addition to its domestic subsidiaries within the framework of its participation policy built on the basis of efficiency.

INTERNATIONAL SUBSIDIARIES

Germany

Ziraat Bank International AG is one of the important banks to be owned by 100% Turkish capital in Germany and the European Union.

Ziraat Bank International AG has been serving its corporate and retail customers in a wide range with its branches in Germany since 2001 and from the Istanbul Representative Office, which entered operation in April 2014. Ziraat Bank International AG has branches in Berlin, Duisburg, Frankfurt, Hamburg, Hannover, Cologne 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 made up of 18 branches and 14 offices throughout the country.

Montenegro

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

Azerbaijan

Ziraat Bank Azerbaijan ASC was awarded its banking license on 30 December 2014 and continues its operations from its Headquarters in Baku and branches in Ganja, Sumqayit, the Old City, Ahmed Recepli and Azadlık. In addition to its wide product range for corporate and individual segments, the Bank continues to play an active role in the development of trade between the two countries.

Russia

Established in 1993 as a joint venture between 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 8 branches in the cities of Almaty, Astana, Shymkent, Aktau, Atirau, Karaganda and Turkistan.

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). In 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 under the name of “Ziraat Bank Uzbekistan JSC” and with 5 branches: Corporate Branch/Tashkent, Operu, Yunusabad, Samarkand and Fergana.

Georgia

JSC Ziraat Bank Georgia, previously operating as a foreign branch, was transformed into the status of a 100% owned subsidiary on 2 May 2017 with the aim of strengthening its implementation of banking operations. The Bank operates with 7 branches in Batumi, Marneuli, Tbilisi, Tsereteli, Kutaisi, Gldani and Varketili.

Turkmenistan

Turkmen Turkish JSC Bank, Turkmenistan’s first bank to be established with foreign capital, was established in 1993 with the equal participation of Ziraat Bank and Dayhan Bank, each with a 50% participation. The bank operates with one Head Office Service Building and six offices in Toptancı Pazarı, Turkmenabad, Mary, Daşoguz, Kerki and Bereketli in Turkmenistan.

DOMESTIC SUBSIDIARIES

Ziraat Katılım Bankası A.Ş. (Ziraat Participation Bank)

Established in 2015 as the first public participation bank to be backed by public capital, Ziraat Katılım Bankası (Ziraat Participation Bank) was providing services from its 120 branches in 53 provinces as of the end of 2021.

Having launched its first international branch in Sudan in September 2020, the Bank provides banking services in accordance with the participation banking principles.

Ziraat Portföy Yönetimi A.Ş. (Ziraat Asset Management)

Founded in 2002, Ziraat Asset Management obtained authorization to be a fund founder in 2015 and is now the founding manager of 50 investment funds and the manager of 49 pension investment funds.

Ziraat Portfolio Management, which has assets under management portfolio of TL 102.5 billion as of the end of 2021, maintains its leadership in the sector with a market share of 15.7%.

Ziraat Yatırım Menkul Değerler A.Ş. (Ziraat Securities)
Ziraat Investment, established in 1997 to act as an intermediary in capital market transactions, holds the status of “Widely Authorized Intermediary Institution”.

In addition to the public offering of Ziraat GYO A.Ş., for which it served as the leading brokerage house in 2021, the company also became a consortium member in the public offering of 49 companies.

Ziraat Gayrimenkul Yatırım Ortaklığı A.Ş. (Ziraat REIT)

Ziraat REIT was established on 1 November 2016 in order to increase the product and service diversity of Ziraat Finance Group, to use its resources effectively by investing in projects which will accelerate the development of our country’s real estate sector and create added value, and to perpetuate the value it creates for its shareholders with the principle of stable growth and high profitability.

On 6 May 2021, 25% of the Company’s capital was offered to the public. As of the end of 2021, 81.06% of the shares in Ziraat REIT were held by Ziraat Bank with 18.94% publicly traded.

Ziraat Girişim Sermayesi Yatırım Ortaklığı A.Ş. (Ziraat Venture Capital)

Established on 14 November 2018, Ziraat Venture Capital acquires equity stakes in ventures which offer growth potential, provides the leverage and growth which they need, and works to help them achieve sector-based strengthening within the framework of a corporate and strategic plan.

Ziraat Teknoloji A.Ş. (Ziraat Technology)

Since its establishment in 2001, Ziraat Teknoloji has been providing 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 Zones (Teknoparks) located in the Yıldız Technical University and İstanbul University campuses. It plays an important role in the projects carried out by the Ziraat Finance Group with the software and applications which it has developed in line with the requirements of ISO 9001, 22301 and 27001 standards.