Wednesday, Sep 22, 2021
International Finance
Banking

Odeabank: From the 49th place to 13th in 15 years

The total loan book reached Turkish Lira 14.3 billion, total asset size TL 20.3 billion whereas customer deposits reached TL 16.8 billion by the end of the first half of 2014 December 22, 2014: Odeabank made a powerful entry into the sector by obtaining a banking licence for the first time in 15 years in Turkey. From the 49th place, which it held when it...

The total loan book reached Turkish Lira 14.3 billion, total asset size TL 20.3 billion whereas customer deposits reached TL 16.8 billion by the end of the first half of 2014

December 22, 2014: Odeabank made a powerful entry into the sector by obtaining a banking licence for the first time in 15 years in Turkey. From the 49th place, which it held when it first entered the sector, it has managed to climb to the 13th spot among deposit banks. The total loan book reached Turkish Lira 14.3 billion, the total asset size TL 20.3 billion whereas customer deposits reached TL 16.8 billion by the end of the first half of 2014.

With the support of its shareholder Bank Audi, which is a full-fledged regional bank with a presence in 13 countries, Odeabank stands out in the banking sector due to its efforts to create a product range to meet all financial needs of its customers coupled with high quality human resources. The bank showed rapid growth in corporate, commercial and retail banking.

Benefiting from Bank Audi’s regional existence and network, especially in the MENA region, Odeabank has positioned itself as one of the first that come to mind for structural financial needs, which require expertise. Odeabank corporate & commercial banking will continue to offer tailor-made products geared to the needs of its customers.

In retail banking, it continues to tread on the path of innovation. In 2013, it commenced providing branch service within chain stores. Within this framework, Odeabank assists its customers in their purchases through the tablet-sales system operating in the stores to extend instant loans to its customers.

Within the framework of the bond/debenture issue application approved by the Capital Markets Board on May 15, 2014, Odeabank successfully concluded the first bonds issue in Turkish Liras on May 26, 2014. The discounted bond issued at a nominal value of 150,000,000, with a term of 179 days, offered to eligible investors without public offering, met substantial demand from not only individual investors, but from corporates as well.

The international awards continue to be a source of pride. Apart from the ‘Best Customer Service Award, Turkey 2014’ by International Finance Magazine, Odeabank was also given ‘Award for Excellence’ in the banking/bill paying category for its corporate website and the ‘Award of Distinction’ in the corporate communications category by Communicator Awards, among others.

Odeabank makes its customers feel special by offering a wide range of direct banking channels.

Brought into action with the approach of experienced designers, Odeabank provides its clients with transparency, reliability and intimacy at the same time.

Till the first half of 2014, Odeabank had more than 1,300 determined and experienced bankers and a branch network reaching 45.

In a nutshell, Odeabank concluded the first half of 2014 with success in every department. The capital structure of the bank, the prowess of its shareholder, the quality of the team and human resources are the crucial elements to determine success of a bank. At Odeabank, the greatest advantage lies in the strength and support of its shareholders, coupled with a young, dynamic, ambitious and success-oriented team.

It is Odeabank’sprimary objective to sustain the higher performance in the long run by further developing its strengths and continuing to invest in a superior technological infrastructure fuelled by emphasis on innovation. The high growth potential of theTurkish economy, coupled with the young population, will play a critical role in Odeabank’s future successes.

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