President Erdoğan inaugurated the first Branch of Ziraat Participation Bank

absmiddle Yazdır   -A | A+ 04.06.2015
President Recep Tayyip Erdoğan inaugurated the first branch of Ziraat Participation Bank which has the characteristic of being first of its kind in public realm

President Recep Tayyip Erdoğan attended the opening ceremony of the first branch of Ziraat Participation Bank held in the Eminönü district. Deputy Prime Minister Ali Babacan, Ziraat Participation Bank Chairman of the Executive Board Hüseyin Aydın, Governor of İstanbul Vasip Şahin, İstanbul Metropolitan Municipality Mayor Kadir Topbaş, Mayor of Fatih Municipality Mustafa Demir and many other people attended the ceremony.

President Recep Tayyip Erdoğan, in his speech at the opening ceremony of Ziraat Participation Bank in Eminönü, congratulated those, who have realized Ziraat Participation and introduced a different opening to the finance sector in Turkey.

Erdoğan said that the environment of confidence, peace and stability boosts our 78 million citizens’ hopes for future, however, those, who are money lenders getting unearned incomes from the high interest rates, and who get unearned incomes from the atmosphere of chaos, tension, uncertainty, youths' lives and the blood of the martyrs, are disturbed by this environment very seriously.

Stating that Ziraat Bank was defamed and denigrated and the same was done for Halk Bank, Erdoğan continued his speech as follows:

“The newspaper, that threatens us with the Mursi's fate today, was trying to defame the New York branch of Ziraat Bank last year. They reflected the routine and usual inspection with an enjoyment and by the headlines as "A big strike from America to Ziraat Bank". You can figure out inattention by admonition, and illiteracy by teaching, however, betrayal has no remedy. Our people see them what they really are. They don't care their lies. Our nation has looked out for the institutions like Ziraat Bank more seriously whenever they attacked. Despite the attacks of old Turkey remainders, our Ziraat Bank resolutely walks on the road of service to the people. Our Bank has covered a significant distance in the diversification of the resources needed to enlarge its financial statement. It increased its own ability of financing of the real sector by the funds provided from abroad as well as its strong deposit base”

“We exert great efforts to transform İstanbul into a finance center"

Stating that Ziraat Participation Bank has not been established with the aim of participating the 5% share of participation banks in finance sector, Erdoğan continued his speech as follows:

“The goal should be to contribute to the growth of this sector. Especially, interest- free banking funds seeking investment opportunities abroad are aimed to take into our country. Financial crisis began in 2007 in the West emphasized the participation banking as a powerful alternative. In our country, participation banks offer an important alternative service to especially our citizens who are sensitive about interest. Participation banks open up new horizons for our tradesmen and craftsmen with business models based on partnership rather than interest."

Stating that "We exert great efforts to transform İstanbul into a finance center", Erdoğan said;”Today, London is one of the important centers of interest-free banking. Why would not İstanbul be one of those centers? This issue should have been organized by İstanbul previously, and should be a gravitational field. This is our drawback. We need to achieve this. İstanbul should take the place it deserves in this area. Our neighbors, our nearby geographical region, our investors are in search of such kind. I think we must deservedly seize this opportunity. For this, we need to keep our goals high."