Bank Asya syndicated USD 175 M Murabaha financing facility

Notes and media contacts

About Bank Asya

Bank Asya was established in 1996 as a Turkish Private Finance House incorporated in Istanbul and operating in accordance with the principles of interest-free banking.

Asya is one of four 'participation banks' currently operating in Turkey, and as such it is subject to the Turkish Banking Act; the regulations of the Banking Regulation and Supervision Agency; and the Savings Deposit Insurance Fund regulations. Bank Asya was the first private finance house to be awarded the ISO 9001 Quality Management System Certificate.

As a leading participation bank in Turkey, Asya enjoyed a market share of 28% of deposits and a 30% share in domestic financing as at year end 2006. Asya is also the largest participation bank in terms of Shareholders' Equity and has been the fastest growing indigenous bank since 2001. It enjoys one of the highest ROAE (31.5%) in the sector (based on ISE listed banks 2006 year end results) and benefits from sound growth in both current account and profit sharing account deposits.

As of 31st December 2006 Bank Asya's balance sheet grew by 62% with total assets of YTL4.2 billion. Following its IPO in May 2006, shareholders' equity at the end of 2006 stood at YTL632.5 million, recording an increase of 115% over year end 2005, whilst net income at YTL146 million grew by 55% over the comparable fourth quarter in 2005.

Bank Asya is rated B by Fitch Rating with a stable outlook.

Summary details of the Facility

Purchaser:
Asya Katilim Bankasi A.ª.
Facility Amount:
US$175 million
Facility Type:
Syndicated Murabaha Financing Facility
Purpose:
To finance Bank Asya's trade finance activities
Term:
Tranche A - 1 year
Tranche B - 2 years
Repayment:
Bullet

Mandated Lead Arrangers' roles:

Bookrunners:
ABC Islamic Bank (E.C.), Standard Chartered Bank, Unicredit Markets & Investment Banking (acting through Bayerische Hypo- und Vereinsbank AG)
Investment Agent:
ABC Islamic Bank (E.C.)
Information Memo: Standard Chartered Bank
Documentation:
Standard Chartered Bank
Publicity:
ABC Islamic Bank (E.C.)

For further enquiries, please contact any of the following:
Arab Banking Corporation (B.S.C.)
John McWall
Head of Syndications
Tel: +973 17 543967

Farrukh Zaheer
Manager - Syndications
+973 17 543238

Standard Chartered Bank
Pamela Green
Director, Primary Loan Syndicate
Tel: +44 (0)20 7280 7152

Dawn Manning
Associate Director, Syndications
+44 (0) 20 7280 7688

Unicredit Markets & Investment Banking (acting through Bayerische Hypo- und Vereinsbank AG)
Conradin Khuen-Lützow
Senior Vice President
Tel: +49 89 378 26140

Arzu Aksoez
Syndications
+49 89 378 42571

Bank Asya US$175 million - Syndicated Murabaha Financing Facility
List of Participating Banks

Mandated Lead Arrangers
ABC Islamic Bank (E.C.)
Standard Chartered Bank
Unicredit Markets & Investment Banking (acting through Bayerische Hypo-und Vereinsbank AG)

Lead Arranger
Abu Dhabi Islamic Bank
Commercial Bank of Qatar
Denizbank AG

Co Arrangers
Al Amin
Banca UBAE SpA
Commercial Bank of Kuwait
Denizbank AS
Emirates Bank International
Landesbank Baden-Württemberg
Landesbank Rheinland-Pfalz
Mashreqbank psc
Natixis
Zurcher Kantonalbank

Lead Managers
Al Salam Bank
Arab African International Bank
Banca Lombarda
British Arab Commercial Bank
Capital Bank of Jordan
Dexia Bank
Doha Bank
Finansbank (Holland) N.V.
HSH Nordbank AG
National Bank of Oman
National City Bank
Oberbank AG
Sovereign Bank
Tunis International Bank
Türkiye Halk Bankası A.S.
Vakifbank Intenational AG

Managers
Ziraat Bank International AG
American Express Bank
Banca Monte dei Paschi
Bank of Beirut (UK) Ltd
Dubai Bank PJSC
Habib Bank AG Zurich
Jordan International Bank
WGZ-Bank