Leader of the Turkish banking sector, Ziraat Bank, founded in 1863, is active in the corporate, commercial, and retail segments, and is particularly focused on SMEs in manufacturing and on MBAE (medium and big-scale agricultural enterprises) in farming.Agricultural banking is Ziraat Bank’s traditional business line
: it has been the greatest source of financial support for agriculture in Turkey, supporting both the development and the modernization of the country’s agricultural production. At the same time, farmers represent its most important stakeholders
.Over the last six years, Ziraat Bank has extended 17 billion USD as agricultural loans to almost 2.5 million farmers
. Agricultural loans have risen by 32% in 2008 and 21% in 2009, reaching 5.2 billion USD.
Ziraat Bank not only works in national (employs 22,198 people at 1,329 service points) but also international arenas (at 68 locations in 18 other countries) with, among them, Georgia, Bosnia Herzegovina, Russia, Kazakhstan, Azerbaijan, Uzbekistan, Turkmenistan, Macedonia, and Bulgaria.
As of the end of 2009, Ziraat Bank’s assets amounted to 85 billion USD, about 15% of the Turkish banking industry’s total. Ziraat Bank registered a 29% rate of year-to-year growth in 2008 and 20% in 2009. The bank posted a net profit of 1.5 billion USD in 2008 and 2.4 billion USD in 2009