Page 34 - World Of Nurol Magazine - 25
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country is simply a name existing in its license. Its “      Most important point is to act as to
                                                                                                                                            What are the functions of the investment
                                                                                                                                            banks in Turkey? What can you tell when it is
                                                                                                                                            compared with the world?



              Standings (Left to Right)                                                                                                     Unfortunately, the investment banking in our
             Can Yiğit Sarper - Assistant Specialist / Ayşegül Caboğlu - Manager / Murat Çimen - Senior Executive Vice President / Engin Pekdoğan - Director                                             maximize the interests of the group in
                  Tamer Diri - Deputy General Manager / Zafer Babür Hakarar - Senior Executive Vice President/  Özgür Altuntaş - General Manager /   situation and size may not be compared with the
              Baki Arslan - Manager / Semih Subutay Nezir - Deputy General Manager / Özgür Özcan - Director Asistant  / Ramazan Eser - Senior Expert /   players in developed markets. Even the biggest banks
             Ahmet Murat Kavurga - Deputy General Manager / Fatma Küsdül - Director / Serhat Kutlu - Deputy General Manager  / Tuğba Uskuay - Director                                                   the big picture.
                 / Yıldıray Nadi Soylu - Group Manager / Ayşegül Atakan - Senior Expert  / Filiz Demirci - Executive Assistant/ Ersen Turan - Director /   in the sector are seriously dealing with retail banking.
                                      Hakan Öztürk - Director / Güven Tiringa - Senior Expert  / Naki Şeker - Driver                        Also, the current legislation is very advantageous                                ”
                                                                                                                                            for the Commercial banks. Due that the Investment
                                                                                                                                            Banks may not really compete with the Commercial
                                                                                                                                            Banks with this legislation, I think that in Turkey
                                                                                                                                            it is not possible for the Investment Banks to reach
                                                                                                                                            to global dimensions and even to compete with the
                                                                                                                                            banks located within the country.

                                                                                                                                            Upon looking from abroad, is Turkey
                                                                                                                                            perceived as an investable country? What is
                                                                                                                                            the direction of the change over the years?


                                                                                                                                            Certainly, we already see that easily in the
                                                                                                                                            Macroeconomic data In fact, upon looking at the
                                                                                                                                            financial sector, we see that the state owned banks
                                                                                                                                            are the only banks without foreign capital ownership.
                  Erkan Can - Group Manager / Nadir Güneş Yıldız -Director  / Ozan Alparslan - Chief Supervisor / Reyhan Altunbaş - Catering Service /
                                    Gizem Nimetoğlu - Officer  / Ahmet Refik Yalman - Expert  / Elif Yılmaz - Manager /
                                Adam Cumurcu - Senior Expert  / Erhan Muslugil  - Director / Oğuz Aslay - Assistant Specialist              As a bank you are offering services to Nurol
              Stables (Left to Right)                                                                                                       Group companies as well. What do you
                                                                                                                                            pay attention during distribution within or
                                                                                                                                            outside the group?
           Can you tell us about the personnel                        Can give information about the place of
           distribution? Was there any organizational                 NurolBank as an investment bank?
           restructuring? What are the changes?                                                                                             This is very thin and delicate line.  Most important
                                                                                                                                            point is to act as to maximize the interests of the
                                                                                                                                                                                                                           (Left to Right)
                                                                      In fact it is quite unlikely to talk about a place at the                                                                                     Perim Sun Tokluoğlu - Co-Director
           We have a structure consisting of 35 persons. We’re        moment. Our market share is below 0.5 % However,                      group in the big picture. This would be done primarily             Cevher Uzbek Yücel - Section Leader of Ankara
                                                                                                                                            by minimizing our group’s risks to bring them to the
           trying to turn our ultra - hierarchical structure into     as of the end of 2018 we aim to take part among the                   level requested by the market and we have made very                   Birnur Dere  - Senior Expert (Operation)
           a fairly flat organizational structure. In order to be     top 2 in our league.
           effective, we had to close the business segments and                                                                             well progress on this subject with the contributions of            NurolBank Section of Ankara
                                                                                                                                            our Group’s CFO.
           departments which we consider unnecessary. Every
           extra weight leads to deterioration in profitability and   Do you think that its present place is
           concentration. We have to be like an athlete free of fat   sufficient in terms of recognition of                                 As NurolBank what are your strengths and your aspects that need to be developed?
           as possible, consisting of 99 % muscle and ready to        the bank? What are your plans for its
           run a marathon.                                            development?
                                                                                                                                            Yet, the only strength we have is being fast and we are spending our best effort for developing all other aspects.

           What precisely are the main services offered               It is difficult to talk about any recognition due that it             Finally, can you give a little advice to our readers about investments and economic life?
           by investment banks?                                       was rather not active until October 2012. There is only
                                                                      way for market recognition, which applies to every
           The  Capital  Markets  Intermediation,  Structured         business; to be active. So our plan is “to do business                It looks as if it shall be quite a volatile year due to 2015 elections, the monetary policy of FED starting a new era
                                                                                                                                            and the falling commodity prices. I personally would not keep foreign currency, and if I have foreign currency
           Finance Solutions and Financial Solutions Consultancy      which has an added value”.                                            position debt, I think this is an opportunity for settling it. In terms of Stock Markets, I think the export strength
           can be listed among the services we offer as NurolBank.
                                                                                                                                            of Europe shall increase due to strong USD and thus the European Companies shall show a good performance.



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