Page 69 - World Of Nurol Magazine 28

Nurol Can you tell us about the development process of
NurolBank, in which you currently act as CEO, since
February 2016?
“Despite being small compared to
Investment Bank I started to work in NurolBank in February 2016. I the general sector in terms of total

took office as the Chairman of the Credit Committee
Chairman and Board of Directors. We continue the development amount of assets, it has become one
process which started before me with our General
of the leading corporations in the
Manager Özgür Bey in 2013.
of the Board As a very rapid development since 2013 triggered the investment bank league.”
institutionalization process in administrative sense,
I got involved with these developments in February
2016.

Due to a rapid growth with the change in the corporate
mentality, increase in the recognizability in the market conduct any transactions in corporate banking area.
as well as profitability, it has become an important
corporation of Nurol Group There is a crisis across the world; how does Turkey look?
What can be done in the sector in order not to be affected
Has there been any changes in the organizational from negative developments or to mitigate their effects?
structure of the bank after you took office? What
would you say about your structuring? There is an ongoing crisis across the world since 2008 and it
was not possible to throw it off. In my opinion, the world is
After I took office, many developments in terms headed towards a new order, hence the pain. Therefore, we
of organizational and administrative aspects have are in a period that will take long.
emerged as a result and requirement of the rapid
developments that have previously started. I think These developments indirectly affect Turkey in an either
some of our applications become examples within negative or positive way from time to time. Adding the
Nurol Group. internal dynamics of Turkey itself to that yields an active
scene that is unpredictable or difficult to predict. It is
As the Board of Directors, not only we worked in a required to take precautions that will result with the sector
close proximity to the performance and accelerated capital to get stronger in order not be affected immensely in
the decision and application processes, we also made this fluctuating period.
it more efficient. Consequently, we monitored the
decisions made and applications more closely. We Accordingly, it is also required to review the loan periods of
caused the emergence of the perception that we are a the banks to increase the asset quality. These may be the
small but serious bank. precautions of the sector; however, as finance sector coexists
in the same ecological environment as the real sector, it is
Can you provide us information regarding the current necessary to take constructive precautions for the real sector
size of NurolBank? players that increase their profitability and growth.

Despite being small compared to the general sector in One cannot think of the banking sector apart from the real
terms of total amount of assets, it has become one sector.
of the leading corporations in the investment bank
league. What are the expectations of Turkish banking sector in
2017? What can happen in short term in connection with the
NurolBank has activities in both areas. Can you briefly Turkish economy?
explain the differences between corporate banking
and investment banking? I think the banking sector will reach a 20% growth with
loan growth and KGF loans in 2017; this is of course within
The only difference is the inability to collect plain the current conditions. Any developments may arise that
deposits as we know them. Other than that, we may affect this estimate in a negative or positive way. The

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