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FEDERATION OF EURO-ASIAN STOCK EXCHANGES ANNUAL REPORT JUNE 2010IS INVESTMENTIS Investment provides a wide array offinancial services to local and foreigninvestors.Ilhami KocGeneral ManagerWith a distinctive role in the development of thecapital markets, IS Investment was establishedin 1996 as the investment banking arm ofIsbank Group. IS Investment provides a widearray of financial services to local and foreigninvestors, including Corporate Finance,Investment Advisory, Asset Management,Brokerage and Research.IS Investment has equity stakes in CamisInvestment, IS Asset Management, IS PrivateEquity, IS Investment Trust, Turkish DerivativesExchange and Maxis Securities Ltd, a fullsubsidiary of IS Investment in London.With its largest individual and institutionalcustomer base, IS Investment has eightbranches in Ankara, Izmir, Istanbul (Akaretler,Kalamis, Levent, Maslak, Yenikoy, Yesilkoy)and two representative offices in Almaty-Kazakhstan and Istanbul-Suadiye.IS Investment announced its investors thedecision to open a new branch in Bursa.IS Investment has a strong and widespreaddistribution network through the agency ofmore than 1,000 Isbank branches.IS Investment, representing approximately 40%of the sector with its US$ 1.6 billion asset size,has reached US$ 45.8 consolidated netincome by the end of 2009. As the only publicinvestment house (listed on the Istanbul StockExchange, ISE), IS Investment (ISMEN) is alsothe only investment house rated and wasgranted with a credit rating of 'AAA(tur)' withStable Outlook by Fitch Ratings in December2009.IS Investment represents a large andcommanding presence in the Turkishinvestment market, reflected in its transactionvolumes, ranking first not only in the ISE StockMarket since 2003, but also in the TurkishDerivatives Exchange (TurkDEX), since thefoundation of the market in 2005. IS Investmentalso leads the Securities L/B Market.IS Investment also provides a wide range ofcorporate finance services including PublicOfferings, Mergers & Acquisitions, PrivateSector Advisory, Project Finance Advisory andPrivate Equity Advisory. The Company, whichacted as the lead manager in 63 PublicOfferings between 1988 and 2010, is the leaderin the public offerings market in Turkey in termsof both deal size and number of transactions.Since 2000, IS Investment has completed 71M&A transactions – a number rendering theCompany as the leading investment bank asper the M&A league rankings.Also known with its pioneer role and innovativereputation in the sector with new products andmarket tools; IS Investment has established thefirst hedge fund in Turkey, in November 2008.Besides, IS Investment is the first financialinstitution in Turkey applied for theestablishment of warrants in September 2009.Full Range of Investment Banking ServicesBrokerageInvestment AdvisoryAsset ManagementCorporate Finance: IPOs, M&As, Strategic PlanningResearchWidest Client BaseLargest domestic network – more than1000 Isbank branches areour agent4,300 high-net-worth individuals560 corporate clients420 foreign institutional clientsLargest assets under managementTRY 6.7 bn mainly through subsidiary Is Asset ManagementVolume Leader#1 in Stock Market#2 in Bonds Market*#1 in Derivatives – TurkDEX#1 in Eurobond Transactions**among brokerage housesShareholders EquityTL 223.6 millionOnly Listed Investment House in ISEWent public in May 2007 with Mcap US$ 250 millionOnly Brokerage House with Credit RatingNational Long-Term AAA (Tur) / Stable Outlook by Fitch RatingsFACTS AND FIGURESDate of Establishment December 18th,1996Registered Capital TL 300 Million / US$ 201 millionIssued CapitalTL 119.4 Million / US$ 80 millionShareholders’ Equity TL 334 Million / US$ 224 millionAssets (as of end of 2009) TL 2.5 Billion / US$ 1.6 billionFree-Float 27.87%BranchesAkaretler, Ankara, Izmir, Kalamis, Maslak,Yenikoy, YesilkoyRepresentative OfficeAgentsOwnership StructureIsbank 65.65%Is Factoring 2.43%Is Leasing 2.43%Sisecam 1.45%Camis Investment Holding 0.17%Free Float 27.87%Levent, Suadiye (Istanbul),Almaty (Kazakhstan)More than 1,000 Isbank branchesSubsidiaries*IS Investment's ShareMaxis Securities Limited 100.00%Camis Investment 99.79%IS Asset Management 70.00%IS Investment Trust 29.12%IS Private Equity 29.00%TurkDEX 6.00%* Subsidiaries in which IS Investment has more than 5% shares. IS Investment has alsoshares in Growing Enterprise Market Automatic Quotation, Is REIT, ISE Settlement andCustody Bank Inc. and Yatirim Finansman Securities.PAGE 32
FEDERATION OF EURO-ASIAN STOCK EXCHANGESANNUAL REPORT JUNE 2010Since its establishment, IS Investment’sinternational capital markets division continuesto provide direct access to financial marketsaround the globe and professional assistancethrough which our clients have a better scopeof investment products for achieving adiversified portfolio.The latest liquidity crisis that crippled theeconomies around the World, once againhighlighted the importance of diversification.While the World's biggest economies havebeen pushed deep into the arms of recession,the biggest and most prominent financial firmshad disclosed holdings in problematicmortgage backed securities, which stunnedthe World markets as there is no safe groundamong the companies that are a vital part ofthe economic system. However, the ongoingexcessive measures that the major CentralBanks took in order to lessen the severity ofthis worldwide crisis, created anunprecedented rally in the financial marketsduring 2009. With the help of its extensiveglobal markets coverage by a team ofprofessionals, IS Investment’s client werefortunate enough to be positioned in the rightplace and the right time.IS Investment has been investing heavily onimproving our product mix in order to satisfythe needs and spread out the single countryrisks of our customers. As the latest liquiditycrisis put the international capital markets tothe foreground of investor's attentions, ISInvestment has already had an ever increasingactivity in these markets. IS Investment hasdirect market access capabilities through themajor equity exchanges around the world andalso has execution facilities to emergingmarkets like in Middle East and CIS region. Inequity markets, our activities are not onlylimited to secondary market trading as we alsoprovide means for our customers toparticipate in primary issues all around theworld and chance to invest in equity optionsrather than directly in cash markets. In fixedincome markets, with a volume reachingalmost US$ 3 billion in 2009, IS Investmentwas rated as the top financial firm among theother Turkish financial institutions based ontransactions booked outside the exchange.Not only, as IS Investment, we concentratepurely on Turkish Eurobonds, but also focusheavily on high grade credits as well as creditsfrom emerging market economies likeKazakhstan, Brazil, Russia and interact withmore than hundred counterparties around theWorld. Latest being the Bank Pozitif’s 2014maturity Eurobond issue, the syndication partsthat we have taken on the Eurobond issueslisted below demonstrate our commitment andwillingness to be a more active player in thesemarkets as a Turkish institution.As the financial crisis have created rollercoasterrides in the World markets, adding tothe ways of diversification, the opportunitiesthat keep on knocking increased the needsfor exchange-listed derivative instruments.In order to facilitate our clients' needs for theseleveraged instruments, IS Investment launchedTrade Master International in the beginning of2008, which is giving execution capabilities toour investors for investing on their own inmajor equity markets and more importantly infutures markets like CBOT and CME.Rating ourselves by far as the top Turkishinstitution in international capital markets,not only IS Investment will work on improvingits abilities in organized exchanges aroundthe World, but also will pursue to provideaccess to opportunities in emergingeconomies to its clients whom IS Investmentmade believe the importance of diversificationwith a little kick in it.In 2009• ISE Stock Market leader, with US$ 49.3billion trading volume and 7.9% marketshare.• TurkDEX Market leader with US$ 56.9billion trading volume and 13.2% marketshare.• ISE Securities L/B Market Leader withUS$ 1.1 billion trading volume and 37.8%market share.• #2 in ISE Bonds&Bills Market amongbrokerage houses with US$ 11.1 billiontransaction volume and 12.9 % marketshare.• ISE Turkish Eurobonds Market leaderamong brokerage houses, with US$ 0.5billion trading volume and 0.9% marketshare.CONTACT INFORMATIONIS INVESTMENTIs Kuleleri, Kule-2 Kat: 12 4. Levent 34330 Istanbul-TurkeyTel: +90 212 350 20 00 Fax: +90 212 350 20 01 isyatirim.com.tr / isinvestment.comFor International Capital Markets Contact Name Mr. Ilkay Dalkilic Tel. +90 212 350 2314 E-mail idalkilic@isyatirim.com.trFor Turkish Capital Markets Contact Name Ms. Ozlem Tumer Tel. +90 212 350 2320 E-mail otumer@isyatirim.com.trFor Almaty/Kazakhstan Rep. Office Contact Name Mr. Samad Azimov Tel. +7 7273 340508 E-mail sazimov@isyatirim.com.trPAGE 33
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