BankPozitif

Brief History

November 2002: Toprak Yatırım Bankası A.Ş.'s stakes were purchased by C Faktoring A.Ş. in a tender offer that was issued by Savings Deposit Insurance Fund and it was renamed C Kredi ve Kalkınma Bankası A.Ş. (C Bank).

May 2003: C Bilişim Teknolojileri ve Telekominikasyon Hizmetleri A.Ş. was established and it was incorporated to the organization as an affiliate company. In July, 2003 Pozitif Menkul Değerler A.Ş. (Pozitif Securities) affiliated to the group.

2004: Ankara and İzmir Corporate Banking branches were opened.

2005: The Bank's name was changed to Bankpozitif Kredi ve Kalkınma Bankası A.Ş. (BankPozitif)

2006: BankPozitif entered into the consumer banking business with lending products such as mortgages, vehicle finance, home equity and personal loans through a pilot implementation in the first quarter of 2006.

2007: BankPozitif actively started its retail activities in 2007. BankPozitif increased its sales network in consumer banking are through adding 3 regional offices, 6 branches in Istanbul; 1 regional office and 2 branches in Ankara; and 1 regional office and branch in Izmir.

February 2007: The first syndication loan of the year was completed by BankPozitif amounting 125 million USD.

March 2007: The highest credit rating of the country was obtained from Fitch, the international rating agency.

June 2007: Debut Eurobond issue in for US$150m with 5 years of maturity.

November 2007: BankPozitif acquired 100% of Demir Kazakhistan Bank JSC shares and has continued its operations in Kazakhstan. The bank's capital was increased in accordance with the cost of this acquisition (86.4 millionTL)

December 2007: BankPozitif's long term local currency default rating score was increased to "Investable Grade" by the international rating agency, Fitch.

January 2008: Establishment of the first US$1b Medium Term Loan Participation Note (MTN) programme. MTN Programme of BankPozitif is to be the first and the only programme established by a Turkish institution.

February 2008: BankPozitif finalized the first Eurobond issue under its newly established US$1.0 Billion MTN Programme.

May 2008: The highest credit rating of the country was obtained from Moody's, the international rating agency.

July 2008: BankPozitif received EUR 100m club loan.

September 2009: Local Bond issue for TL 50m with 2 years of maturity.

October 2009: Third Eurobond issue for USD 150m with 5 years of maturity.

December 2009: Foreign Currency rating of BankPozitif and ratings of existing Eurobonds were upgraded to BBB-, "Investment Grade" level by Fitch.

October 2010: Local Bond issue for TL 100m with 3 years maturity and fixed interest rate.

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