Banking Sector (Germany) 

The largest share in the European Economic and Monetary Union belongs to the German banking sector together with France. As the country is a member state of the European Union, developments in the European economy and the monetary policies implemented by the European Central Bank are the main factors guiding the banking sector. Outlook of the German banking system was upgraded by the international credit rating institution Moody’s from ‘negative’ to ‘stable’ in October 2015.  This development occurred as the uncertainty taking place after the implementation of the banking resolution framework by the European Central Bank came to an end in the support of the public sector for banks.   Moreover, the environment of low interest rate which is prevailing with the impact of the expansionary  monetary policy implemented by the European Central Bank ensures that German banks have access to domestic and international financing by making use of the ‘safe harbor’ status of their country

Our subsidiary OYAK Anker Bank GmbH which is a member of the Union of German Banks engages in activities in the fields of corporate, retail and treasury banking of the German banking sector. 

 

Sector of Intermediary Institutions

In Turkey, intermediation activities are performed by the institutions with a certificate of authority from the Capital Markets Boards within the framework of the provisions of the relevant Communique.  In 2015, the trading volume of the share market of intermediary institutions reached TRY 2.1 trillion while the trading volume of leverage transactions reached TRY 17 trillion with the impact of the devaluation in currency basket. In 2015, total assets of intermediary institutions reached TRY 15 billion, their equities got close to TRY 4 billion and total revenues rose to TRY 1.95 billion with the impact of the revenues obtained mainly through leverage procedures.

OYAK Yatırım, the affiliate of OYAK active in this sector, has an importance place in the sector with the portfolio volume of its clients gradually increasing in number and is an intermediary institution preferred also by foreign corporate clients. 

 

Automotive Financing Sector

According to the data of the Central Bank of the Republic of Turkey, the total stock of car loans reached TRY 45.8 billion at the end of 2015 with a rise by 18.04% year-on-year.  As of the end of 2015, the total volume of car loans of financing companies reached TRY 23.3 billion while the total volume of car loans of the banking sector reached TRY 22.5 billion.  While TRY 15.8 billion of this car loan stock is composed of consumer loans, TRY 30 billion thereof is composed of commercial consumer loans.

Although ORFİN Finansman, an affiliate of OYAK engaging in activities in the field of automotive financing, is one of the new companies in the sector, managed to come the 6th in terms of active loan balance volume among all financing companies as of the end of 2015 due to the impact of factors such as a strong infrastructure, its advantageous campaigns and so on.