ZIRAAT BANK’S SUBSIDIARIES IN 2022

Ziraat Bank has an effective subsidiary strategy to meet the financial needs of Ziraat Finance Group customers with its integrated solutions.

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 increasingly expanding foreign subsidiaries, 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 started its activities as a representative office in 1964 and turned into a branch in 1988. It has been operating as a bank since 2001. The Bank can offer all kinds of banking services to its customers.

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

Bosnia and Herzegovina
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 as of the end of 2022.

Montenegro
Ziraat Bank Montenegro AD started its operations in July 2015. The Bank continues its services with its Head Office in Podgorica and branches in Podgorica, Bar and Budva.

Azerbaijan
Ziraat Bank Azerbaijan ASC started its activities in 2015. The Bank continues to serve with its Head Office in Baku, Headquarters, Icherisehir, Gence, Sumgayit, Ahmed Recepli, Azadlik branches, and Samed Vurgun branch opened in 2022. 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
Ziraat Bank (Moscow) JSC was established in 1993. The head office and only branch of the bank is in Moscow.

Kazakhistan
Kazakhstan Ziraat International Bank (KZI Bank), established in 1993 and headquartered in Almaty; It continues to serve its customers with a total of 8 branches, two in Almaty and one in Astana, Shymkent, Aktau, Atirau, Karaganda and Turkistan.

Uzbekistan
UTBANK JSC, Uzbekistan’s first bank with foreign capital, was established in 1993 in Tashkent, 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 6 branches: Corporate Branch/Tashkent, Operu, Yunusabad, Samarkand,Fergana and Andican.

Georgia
In Georgia, where Ziraat Bank started to provide services in 1998, the banking activities carried out with branches in Tbilisi, Batumi and Marneuli were combined under the umbrella of the bank as of 2 May 2017, and JSC Ziraat Bank Georgia was established. Tsereteli Branch in Tbilisi in 2018, Kutaisi Branch in 2019, Gldani and Varketili branches in 2020 started to operate, and the Bank continues to serve with 7 branches in total.

Turkmenistan
Turkmen Turkish JSC Bank was established as a Turkish and Turkmen partnership. The head office of the bank is in Ashgabat and has offices in Bereketli, Dashoguz, Kerki, Mary, Toptancı Pazarı and Turkmenabad.

DOMESTIC SUBSIDIARIES

Ziraat Katılım Bankası A.Ş. (Ziraat Participation Bank)
Ziraat Participation Bank was established in 2015 as the first participation bank with public capital. As of the end of 2022, the Bank has 155 branches across the country. Ziraat Participation Bank, which opened its first overseas branch in Sudan in September 2020, carries out its activities in line with the principles of participation banking.

Ziraat Portföy Yönetimi A.Ş. (Ziraat Asset Management)
Ziraat Portfolio Management was established in 2002 and received the authority to establish funds in 2015 with the amendment made in the Capital Market Law.

As of 31 December 2022, Ziraat Portfolio Management manages a portfolio of 70 Mutual Funds, 11 Exchange Traded Funds, 3 Real Estate Investment Funds, 1 Venture Capital Investment Fund and 49 Pension Investment Funds belonging to pension companies. The Company also provides portfolio management services to individual/corporate investors.

As of 31 December 2022, Ziraat Portfolio Management’s total portfolio was recorded as TL 353.4 billion, consisting of TL 188.6 billion in mutual funds and TL 164.8 billion in individual/corporate investors portfolios. The Company maintains its leadership in the sector with its 16.6% market share as of December 2022.

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

In addition to the public offering of Obase Bilgisayar ve Danışmanlık Hizmetleri Ticaret A.Ş., where it served as the leading brokerage house in 2022, the Company became a consortium member in the public offering of 22 more 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.
The Company became publicly traded on 6 May 2021.

Ziraat Girişim Sermayesi Yatırım Ortaklığı A.Ş. (Ziraat Venture Capital)
Ziraat Venture Capital was established on 8 November 2018. The Company 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)
Ziraat Technology was established in 2001. Since inception, Ziraat Technology 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 Technology 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, and has become a global solution partner.

NOTE: Annual reports of affiliates can be obtained from their own websites.