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Message From CEO

QNB Finansbank signed its name under significant achievements in the name of its customers and shareholders

Esteemed Shareholders and Board Members,

In 2018, QNB Finansbank continued its invaluable and solid contribution to the Turkish economy through its sustained growth in corporate, project finance and SME loans. Likewise, QNB Finansbank realized substantial deposit increases on the funding side. 

As of 31 December 2018, our Bank’s total assets grew by 25 percent, reaching TRY 157 billion 416 million; performing loans grew by 16 percent, reaching TRY 95 billion 295 million; and net customer deposits by 28 percent, reaching TRY 83 billion and 413 million. Our bank’s net profit was TRY 2 billion 410 million. 

Our bank’s net interest income increased by 36 percent compared to the previous year, reaching TRY 7 billion 683 million. Net fee and commission income increased by 27 percent and reached TRY 2 billion 140 million. Compared to the year-end 2017, total equity rose by 20 percent and amounted to TRY 14 billion and 572 million. As of 31 December 2018, the capital adequacy ratio was 15.42 percent.

2018 has been a year of significant achievements for QNB Finansbank. The Miles & Smiles deal signed with Turkish Airlines, is a sure sign of QNB Finansbank’s commitment and determination for ambitious growth in a new and significant segment. 

The first branchless digital bank in Turkey,, remains unrivaled, currently serving over 1 million 300 thousand clients with an ever-developing product portfolio.  

Fincube Incubation Center and Acceleration Program was launched in 2018, with the aim to develop future banking technologies and support innovative initiatives at QNB Finansbank.  At Fincube, we offer a platform where young enterprises undertake digital and technology efforts in the field of finance, and specialists in our Bank can work at liberty.  

In corporate banking, thanks to our financing efforts extended to Northern Marmara Highway Asian and European Side, Piazza Shopping Mall and Bilkent Laboratory PPP projects, we were granted six awards by EMEA Finance, the global economy and finance magazine, in 2017 Project Finance Awards and Achievement Awards.

In 2018, thanks to our colleagues we continued to work towards our aim of transforming success achieved, and paying it forward with our Small Hands Big Dreams Platform, extended support to thousands of children. Children will continue to be the center of our corporate social responsibility efforts. Together with volunteers, we will undertake new projects that support creativity and analytical thinking in children and youngsters.  We will embark on a new project that will enhance coding training provided to children. With this project to be launched in association with Habitat Foundation, we aim to continue the preparation of the next generation for the future across Turkey.

In 2019 the second stage of “Tales Math Museum and QNB Finansbank Tales Math Museum Mobile Truck”, a project launched in 16 cities in 2018, with the aim of reinforcing analytical thinking, will take place. The Truck will visit 32 cities in Anatolia with a total of 34 modules and 5 different workshops where numerous math and geometry workshops will allow students to invigorate this area of science. 

Aimed at children to discover their story development and storytelling talents we will keep up the “Power of Imagination” project, in association with Foundation of Social Volunteers (TOG). We will also continue our support for Young Talents in Music. 

I would like to extend my gratitude to our colleagues, clients, all strategic business partners and correspondent banks who reinforce our strength in our effort to achieve our goals. 

Kind regards,

Temel Güzeloğlu

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