Credit Suisse AG, London Branch (“Credit Suisse”) has arranged a 4-year USD 100 million (TRY equivalent) loan facility for Aktif Bank. Proceeds from the loan will be used towards financing consumer loans.
Credit Suisse AG, London Branch (“Credit Suisse”) has arranged a 4-year USD 100 million (TRY equivalent) loan facility for Aktif Bank. Proceeds from the loan will be used towards financing consumer loans. Aktif Bank Chief Executive Officer and Member of The Board of Directors, Dr. Önder Halisdemir said; “Aktif Bank has been able to attract international lenders such as Credit Suisse on the back of its profitability and sustainable growth profile as well its commitment to high standards of corporate governance and transparency.”
Aktif Bank, the largest investment bank in Tuırkey, has cemented its ability to raise financing from international financial institutions. Credit Suisse AG, London Branch, has arranged a 4-year loan facility for Aktif Bank. The funds in Turkish equivalent of USD 100 million were transferred on June 16th.
Aktif Bank Chief Executive Officer and Member of The Board of Directors, Dr. Önder Halisdemir said the following regarding the agreement; “This agreement is a clear indication of the reliability of Aktif Bank in international markets. We are the largest investment bank in Turkey. We invest in retail banking as well as corporate banking. With our investment and business solutions in the retail segment, we are positioned as a leading financial institution which provides its products and services at more than 10.000 point of contacts ranging from PTT to groceries, white goods, furniture shops and gas stations. The bank extends billions of dollars of loans to a large number of borrowers and handles large volunes of money transfer, insurance and collection transactions. We are the 13th biggest bank among 49 banks in consumer loans. Our success in being positioned correctly in distribution channels has not only provided us with financial returns. Our position has been validated many times by many international awards including “World’s Most Innovative Bank” and “The Most Innovative Distribution Channel in Europe”.
The successful performance of Aktif Bank has been categorized as “Long Term Investment Grade” by JCR Eurasia Rating, and its “Long Term National Rating” is “AA(Trk)”.