KTLEV: Bank Activity License Expected to Arrive

Important Statement from KTLEV General Manager

Ahmet Özcan, the General Manager of Katılımevim (KTLEV), announced that the company expects to receive its banking operation license by the end of February. In his statements, Özcan said, "We established our bank in May. The BDDK's review is ongoing. We expect to receive the banking operation license by the end of February," he expressed.

BDDK Approval and Future Vision

KTLEV's participation bank establishment was approved by BDDK in December 2024. Özcan noted that they have created approximately 1 million 100 thousand contracts within 2025 and mentioned that around 250 thousand contracts have been signed during this process, emphasizing that he expects these figures to grow even more in 2026.

Profitability and Growth Targets

Özcan expressed that they anticipate a significant increase in profitability by the end of 2025 and predict that growth rates will remain at similar levels to previous quarters. He particularly highlighted high growth targets in exports and retail banking.

Branch Opening Plans

KTLEV plans to rapidly grow and reach its target of 110-120 branches. In this context, it aims to expand its service network through new branch openings.

The acquisition of KTLEV's banking operation license is considered an important development for investors. The progress of the process and the opportunities that arise from it are being closely monitored. Therefore, it would be beneficial for investors to keep track of the developments.