Kuveyt Turk bank

2. History
 Kuveyt Turk was established in 1989 in the status of Private Financial
Institution.
 Regarding the capital of Kuveyt Turk, 62% is owned by Kuwait Finance
House, 9% by the Public Institution for Social Security, 9% by the Islamic
Development Bank, 18% by General Directorate for Foundations and 2%
by other shareholders

3. Board of directors
KUVEYT TÜRK KATILIM BANKASI A.Ş. Board of Directors
Name Title
Hamad Abdulmohsen AL MARZOUQ Chairman of the Board
Abdullah TİVNİKLİ Vice Chairman of the Board / Remuneration Committee
Mohammed Shujauddin AHMED Member / Audit Committee / Corporate Governance Committee
Khaled N. AL FOUZAN Member
Nadir ALPASLAN Member
Dr. Adnan ERTEM Member / Audit Committee / Corporate Governance Committee
Fawaz KHE AL SALEH Member / Corporate Governance Committee /
Remuneration Committee
Ahmad S.AL KHARJI Member
Ufuk UYAN Member / General Manager / Remuneration Committee

4. Board of Directors
Audit Committee Board of Directors
General Manager
Retail Banking
Commercial Banking
International Banking
Internal Systems Committee

5. Bank’s Capital Structure
Bank’s Capital Structure
Shareholder Percentage %
Kuwait Finance House 62.24
Directorate General of
Foundations
18.72
Islamic Development
Bank
9.00
State of Kuwait Social
Security Institution
9.00
Other 1.04
Total 100.00

6. Shareholding Structure
 Kuwait Finance House KSC
 General Directorate for Foundations,
Turkey
 Islamic Development Bank
 The Public Institution for Social Security
 Other

7. Industry analysis
Accounts
Payments &
collection
MoneyGram
Services
Insurances
Individual Pension
Investment
PRODUCTS

8. Net profit
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
2011 2012 2013
Net profit
Net profit

9. Corporate strategy
 “Following our “2018 Vision” long-term strategy, Kuveyt Türk aims to be one of
the top ten banks with over 600 branches in Turkey.
 2018 targets:
 Participation Funds: Kuveyt Turk aims to collect TL 3 billion in funds in the retail
banking segment and TL 650 million in the business banking segment.
 Fund Allocation: Kuveyt Turk aims to extend an additional TL 1.9 billion in loans,
thus reaching TL 3.8 billion in total loans extended in the business-banking
segment.
 Credit Cards: Kuveyt Turk plans to sell 100,000 Sale Plus credit cards, 12,000
İhtiyac Cards and 6,000 Business Cards.

10. SWOT analysis
 Strength
 High potential growth “370M in 2014”
 A huge reserve of gold
 A pioneer Islamic bank among few Islamic banks in Turkey
 “Kuwaiti capital”

11. SWOT analysis
 Weaknesses
 National saving is considered to be very low
 A big gap in understanding of Islamic finance
 A big gap in understanding of Middle Eastern capital.
 Banking market is controlled by a few big banks.
 Participation banks market share stands at only 5% of total banking sector

12. SWOT analysis
 Opportunities
 A large amount of foreign investment is attracted.
 It has strong potential of growth.
 Islamic Banking is a growing market segment that offers attractive
opportunities to potential and existing customers
 E-banking facility is also a new opportunity which is a flourishing business in
foreign countries and can also be here

13. SWOT analysis
 Threats
 Exchange rate and inflation risk
 Increasing competition in the banking sector
 Huge number of banks in Turkey
 ‘Adhering to Islamic rules’ a critical challenge to participation banking
adoption

14. Recommendations
 Increasing number of ATMs.
 Sponsoring some events to improve the public image of the bank.
 Being more flexible with foreigners in banking transactions.
 Offering foreign languages courses to the employees.