BANK AUDI S.A.L. ANNOUNCES PRELIMINARY RESULTS OF ITS NEWLY FORMED TURKISH SUBSIDIARY, ODEABANK A.S.
On 28 September 2012, Odeabank a.s. ("Odeabank"), a wholly-owned subsidiary of Bank Audi s.a.l. - Audi Saradar Group, obtained a banking license from the Turkish Banking Regulation and Supervision Agency. Odeabank commenced operations on 1 November 2012.
Odeabank is a universal bank, providing a full range of banking services, including corporate banking, commercial banking, retail banking, alternative distribution channels and cash and process management, project and structured finance and investment banking, financial institutions and correspondent banking and treasury and capital markets.
At the end of its first two months of operations, as at 31 December 2012*, Odeabank had:
· TL 3.6 billion of assets
· TL 2.5 billion of customers' deposits
· TL 1.7 billion of loans to customers
· TL 0.5 billion of shareholders' equity
· 398 staff
· 6 branches
* Preliminary unaudited stand-alone figures for Odeabank a.s.
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