Business

Burgan Bank Group Team commented today, because of the existing scenario in Turkey, that Burgan Bank A. S. - Turkey has not had any major impact on its profitability in its procedures consequently. It specified that its critical decision to completely hedge its financial investment in the Turkish subsidiary's funding has shielded it from currency changes in the Turkish Lira. Burgan Bank A.S. - Turkey is presently running in company customarily mode with no interruptions.

Eduardo Eguren, Team Ceo commented: at present, we are not anticipating any major impact. We are prudent in our risk model and have enjoyed lower than market averages of non- performing loan ratios in Turkey being very selective in the credit front and minimizing our exposure to customers with high leverage or aggressive speculative positions.

" We have healthy margins as well as our liquidity goes to sound levels as well as without any material FX settings in Turkey, the Financial institution is readied to browse well through the turbulences. Our business version is solid as well as well prepared to take care of volatility if it continues. We are in Turkey for the long term" added Mr. Eguren

The pre-emptive technique of hedging Burgan Financial institution Team's investment in the funding of Burgan Financial institution A.S.-- Turkey's was taken in 2015 with the purpose of reducing geo-political and also financial disturbance; a move which has enabled the Financial institution to challenge volatility unscathed over the last few years. At this moment, Burgan Bank A. S.-- Turkey is well-poised to deal with volatility, to sustain consumers, and also to remain affordable over time.

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