Sustainability Report 2013

The Value Created and Shared

Shared Value

At end-2013, Ziraat Bank had close to 25 thousand people on its payroll, a number that ranks it among Turkey’s biggest employers.

 

ECONOMIC VALUE CREATED DIRECTLY BY ZİRAAT BANK

In its capacity as an employer, a taxpayer, and a financial services provider, Ziraat Bank enjoys a unique position and plays a crucial role in Turkey’s economy.

At end-2013, Ziraat Bank had close to 25 thousand people on its payroll, a number that ranks it among Turkey’s biggest employers.

Through the taxes that it pays, the Bank contributes significantly to the state coffers; through its procurements from its suppliers, it gives broad support to economic activity. Ziraat Bank’s direct impact on the national economy is manifested through a profitable and sustainable business model which enables it to pay salaries to its employees, for its purchases from its suppliers, taxes to the state, and dividends to its shareholders.

Economic value created directly by Ziraat Bank in 2013 (TRY mn)*

NET OPERATING INCOME IN 2013

AMOUNT PAID IN 2013

9,868.4

Operating expenses

1,033.2

Personnel outlays

1,763.2

Taxes

864.8

Dividends

260

Charitable donations and other support

0.2

 

Taxes (TRY mn)*

AMOUNT PAID IN 2013

Taxes paid directly by Ziraat Bank

865

Taxes withheld from employees and paid to the state

300

Taxes withheld from customers and paid to the state

1,917

 

* All figures taken from Ziraat Bank’s independently audited financial statements dated 31 December 2013.