President Tatar visited TurkishBank UK during his London trip

London, 03 July 2023 – TurkishBank UK, part of the TurkishBank Group, is honoured to announce the visit of Ersin Tatar, President of the Turkish Republic of Northern Cyprus (TRNC), to its London Headquarters.

The visit took place during President Tatar’s trip to the UK where he attended the sixth Turkish Cypriot Cultural Festival, which occurred on 2nd July 2023 at Enfield Playing Fields, Donkey Lane, Enfield. The annual festival is organised by the Council of Turkish Cypriot Associations (CTCA), an organisation that TurkishBank UK proudly sponsors.
The CTCA, established in 1983, represents the UK’s 300,000-strong diverse Turkish Cypriot community and works diligently towards empowering the community through civic engagement and fostering stronger UK-Turkish Cypriot relations through education and advocacy.

TurkishBank Group, with roots in Northern Cyprus since 1901, through its social responsibility programs works towards a variety of sustainable development goals. One of which, is the transformation of Northern Cyprus into a technology island, by focusing on fostering a thriving digital entrepreneurial ecosystem. President Tatar during his visit met with the Bank’s executive management team and Turkish Cypriot staff. He expressed his continued support to the island’s transformation and congratulated TurkishBank Group for their commitment and dedication to the objective of serving the Turkish Cypriot community.

This alignment of visions embodies the spirit of progress and value creation that has always been central to the ethos of TurkishBank UK and TurkishBank Group.
President Tatar was briefed during his visit, on the London expansion of T-Gate, run by Turkish Digital Technologies which leads and manages the digital transformation of the Group. He shared his excitement on the project which will be the ‘Gate to London’ for all start-ups and scale-ups based in Turkey and TRNC. T-Gate London is the third T-Gate hub to open its doors to investors and entrepreneurs after successful launches in İstanbul and Nicosia. Both locations have already been accepting members to the prestigious ecosystem.

The newly appointed CEO of TBUK Mr.Erhan Raif stated; ‘As TurkishBank UK approaches its 50th year in the UK, we look forward to continuing our efforts towards strengthening the ties between the Turkish Cypriot community in the UK and the TRNC.’
Summarised Version: During his London visit, President Ersin Tatar of the Turkish Republic of Northern Cyprus attended the Turkish Cypriot Cultural Festival and paid a noteworthy visit to TurkishBank UK’s headquarters. In the meeting, Tatar was informed about T-Gate London, Turkish Digital Technologies’ project aiming to be the ‘Gate to London’ for Turkey and TRNC-based start-ups and scale-ups. The President expressed his excitement and support for the project and commended TurkishBank Group’s commitment to transforming Northern Cyprus into a ‘technology island’. The new CEO of TurkishBank UK, Erhan Raif, affirmed their dedication to strengthening ties between the UK’s Turkish Cypriot community and TRNC.

The winners of the Investimate Virtual Investment Competition, organized by the Business and Economics Club of Boğaziçi University, organized by the 3rd grade and attended by only university students, were honored with the ceremonies.

More than 3000 university students from Turkey and Cyprus competed in the Investimate, which was the main sponsor of Turkish Investment this year. Students participating in 41 different cities and 118 different universities competed for 6 weeks in the competition starting on March 6 using a virtual 100.000 TL through stocks, warrants and VİOP. Strategy reports written by 25 people who have increased their competitiveness most in the competition; It was evaluated by a jury composed of academician Yasar Erdinç and Vatan Newspaper writer Ali Ağaoğlu, Ekonomist Magazine News Manager Talip Yılmaz, Turkish Investment Research Department Head Baki Atılal and strategist Cüneyt Paksoy. Eight people determined according to the evaluation result were qualified to make a presentation at the final. Thus, the winners of the competition were chosen not among those who maximized their portfolio, but among those who maximized their portfolio using a consistent investment strategy.

University Students Portfolio Increased Above Index

The 6-week return of the top 5 students in the competition was 64% on average. Among the 3079 students who participated in the competition, the first 100 students achieved great success by increasing their portfolios by an average of 46% over 6 weeks. This rate was 7.58% for the first 1000. 58% of the students who participated in the contest managed to increase their portfolio and lost 42%. In the same period, the Bist 100 index remained stable and offered zero return, while the Viop index contract was only 7 per cent. Viop USD and Euro contracts depreciated while the gold contract’s yield was 4.5%.

The winners were announced by the Final Ceremony

At the final ceremony held at Divan Hotel-Taksim, the winners of Investimate Turkey were determined. In addition to the members of the jury, 8 members selected according to the Strategy reports, including Turkish Group Chairman Hakan Börteçene, Turkish Investment General Manager Berra Doğaner, Turkish Bank General Manager Mithat Arıkan and members of the Turkish Bank Board of Directors, Stratejist Ahmet Mergen, SPL General Manager Tuba Ertugay Yildiz presented the opportunity to explain the investment strategies by presenting to the members of the jury. As a result of the points awarded by the jury members, the winners of Investimate17 were determined and found many awards such as 2 Dubai Financial World Travel, 5000 TL cash prize, SPK and Turkish Group internship awards, TSPB training awards, Reeder tablets and gift certificates.

Fatih Kaplan from Boğaziçi University, Caner Türkmendağ from Adnan Menderes University, and Furkan Gülpınar from Adnan Menderes University were third in the competition.

Dr. Berra Doğaner; “We, this judge; we believe that young people who are interested in capital markets can provide a bridge between financial education and the real investment world. This contest, which we consider to be one of the most important financial literacy projects of our country, supports to create an investment strategy and analysis on the investment world. In addition to acquiring with the investment, the virtual allows you to experience as much loss as possible and introduces you to risk management. If we could make a contribution in the trimming of the ambitions of the competitors, we are happy. Because we believe that the most important enemy in the financial markets is unbalanced agriculture. Remember that time is the best time to take a break in the stock market. “

The Cyprus Era has also been concluded!

The first TRNC event in the competition this year ended with a final ceremony in Nicosia. Moein Rassouli of the Eastern Mediterranean University, which collected the great pleasure of the jury with the English presentation at the final ceremony where the students who competed in the first 4 were made the result of the strategy reports selected by the jury as well as the high incomes and the high yields of 9 universities competed in Cyprus. His second prize earned Bahtiyar Kargagdyev from Akdeniz Karpaz University and won the Dubai Finance World Award. On the other hand, Girne American University earned Honor Bener a prize of TL 1,500.

Turkish Group Chairman Hakan Börteçene, who made the opening speech at the ceremony; “He stated that such a congressman is very pleased to be the first in Cyprus and to be a sponsor of the Turkish Bank. He expressed that the greatest desire for the development of capital markets in the island is expressed. He stated that they are aiming to increase their cooperation with the academic circles and that they plan to continue to develop their successful activities in the capital markets, which have been in Turkey for years, on the island.

For detailed information: http://investimate.org/ , https://twitter.com/investimate2017 ve https://www.facebook.com/investimate17