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[ALBRK]
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Hayır (No)
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Hayır (No)
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29.06.2020
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Hayır (No)
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National Investors Derecelendirme A.Ş. (NIS) has assigned national scale credit ratings of A+ (tr) /A1 (tr) to Albaraka Türk Katılım A.Ş. (Albaraka Türk) . The outlook on the NIS long-term rating is Stable. Albaraka Turk is a pioneer in participation banking and is one of the six participation banks in the Republic of Turkey. The Bank held a 1.1% market share in terms of assets within the Turkish Banking Sector and an 18.1% share in the Participation Banking segment at end 2019. Foreign shareholders maintain 62% of the Bank's shareholding, whereby Al Baraka Banking Group (ABG) and Dallah Group collectively hold a majority stake, with Islamic Development Bank also being a prominent shareholder. Albaraka Türk operated with 230 branches spread through Turkey at the end of 2019. |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.