​Mission & Vision

We value transparency, respect for people, speed, quality, social awareness and innovation.

Our mission in banking is to invest in the best, aim for the total satisfaction of our stakeholders and offer them a concept of banking that places their lives as the center of our operations.

Our vision is to be the first bank that comes to mind regarding the banking needs of everyone who cares about how they spend their lives and their time.

Board of Directors

  • Samir Hanna
  • Dr. Freddie Baz
  • Dr. Marwan Ghandour
  • Dr. Imad Itani
  • Khalil El Debs
  • Elia Samaha
  • Philippe El-Khoury
  • Aristeidis Vourakis
  • Bülent Adanır
  • Dragica Pilipovic-Chaffey
  • Dr. Mert Öncü

Credit Committee

  • Chairman of the Committee - Elia Samaha
  • Committee Member - Khalil El Debs
  • Committee Member - Dr. Mert Öncü
  • Committee Associate Member - Dr. Freddie Baz
  • Committee Associate Member - lmad ltani

Audit Committee

  • Chairman of the Committee - Dr. Imad Itani
  • Committee Member - Bülent Adanır

Corporate Governance Committee

  • Chairman of the Committee - Philippe El-Khoury
  • Committee Member - Dr. Freddie Baz
  • Committee Member – Dragica Pilipovic-Chaffey

Risk Committee

  • Chairman of the Committee - Bülent Adanır
  • Committee Member - Aristeidis Vourakis

Remuneration Committee

  • Chairman of the Committee - Samir Hanna
  • Committee Member - Dr. Freddie Baz
  • Committee Member - Bülent Adanır

Senior Management

Auditor

  • Güney Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. (HQ: Büyükdere Cad. Beytem Plaza No:22 K:9-10 Şişli)

Patriot Act

Wolfsberg Questionnaire

FATCA&CRS

We hereby would like to state that Odea Bank A.S. has been registered to the IRS as “Reporting Model 1 FFI under Model 1 IGA with Global Intermediary Identification Number (GIIN) of 6F3FZT.00009.ME.792.

FATCA Responsible Officer: Vural Göral
E-MAIL: vural.goral@odeabank.com.tr

Point of Contact: Handan Tokdoğan
E-MAIL: handan.tokdogan@odeabank.com.tr

This document about FATCA and CRS regulations, prepared for our customers, is intended for informative purposes only, and will be updated based on the regulations, announcements and guides that have been issued and will be issued by the authorized bodies (Turkish Ministry of Finance Revenue Administration, US Internal Revenue Service, Organisation for Economic Co-operation and Development). As Odea Bank A.S., we are unable to carry out a detailed assessment about our customers' tax obligations in other countries different than Turkey and possible tax sanctions that they may face, to guide our customers and to give tax consultancy to them. Therefore, we recommend you to contact a professional tax consultant for more detailed information and tax advice. For detail information regarding FATCA can be found on the US Internal Revenue Service (IRS) website http://www.irs.gov, for detailed information about CRS please visit the OECD’s websites http://www.oecd.org/tax/automatic-exchange/common-reporting-standard.

FATCA, Foreign Account Tax Compliance Act, which was put into practice by United States of America (USA) as of 01.07.2014.

FATCA agreement, known as “Agreement Between the Government of the Republic of Turkey and the Government of the United States of America to Improve International Tax Compliance Through Enhanced Exchange of Information”, assigned between the Government of Republic of Turkey and the Government of the United States of America on July the 29th, 2015 and approved by The Grand National Assembly of Turkey (TBMM) on March 16th, 2016.

CRS (Common Reporting Standard), is approved by Organization for Economic Co-operation and Development (OECD) in July 2014. CRS is a global standard for the exchange of financial account information to combat tax evasion and improve tax compliance around the globe.

The guidance document for CRS was published in the data transmission system of Revenue Administration, BTRANS, and the financial institutions in Turkey were informed via an official letter about that the requirements explained in the document are into force as of 1 July 2017.

Besides the local and international regulations, Odea Bank A.S. acts in accordance with the Bank Audi group policies and principles. It has adopted the principle of implementing the necessary policies, procedures and controls with the purpose of complying with the regulations on tax transparency and of operating as prudent merchant for the authority of the national and international financial order.

Based on FATCA, which entered into force as of 01.07.2014 and CRS effective as of 01.07.2017, it is required to determine U.S. taxpayers, foreign resident persons for tax purposes and their financial accounts held at financial institutions and to report such information to the relevant local authorities in a timely manner. Accordingly, we, just like all other banks, are requesting certain information and documentation from our customers to verify their status within the scope of FATCA and CRS regulations.

Our customers are required to declare whether they are a tax resident in a country out of Turkey and are required to provide declaration of their tax residency and additional information and documentation to support their declaration. The pre-existing customers of Odea Bank from whom the self-certification and additional information are requested within the scope of FATCA and CRS regulations, however who have not been provided the self-certification and additional information are reported to the Turkish Ministry of Finance – Revenue Administration annually.

1-Real persons

FATCA

  • US citizens (including those who were born in the US and greencard holders) or those who have tax obligation in the US,

CRS

  • Individuals who have a tax residency in any CRS countries

2-Legal Entities

FATCA

  • Legal entities that are associated in the USA,
  • Passive non-financial entities those for which at least one of the controlling real persons who have tax residency in USA

CRS

  • Legal entities that are associated in CRS countries,
  • Passive non-financial entities those for which at least one of the controlling real persons who have a tax residency in any CRS countries

According to FATCA and CRS regulations, information of reportable customers listed below will be shared with the Turkish Ministry of Finance-Revenue Administration:

  • Name-Surname/Title
  • Address
  • Country of tax residency
  • Tax identification number (TIN)
  • Place and date of birth (for real persons)
  • Account number
  • Title and identification number of reporting financial institution
  • The balance or value of the account for the calendar year
  • The total gross amount of interest that is paid or credited to the account during the relevant reporting period
  • The total gross amount of dividends that is paid or credited to the account during the relevant reporting period (for custodial accounts)
  • The total gross amount of other income generated with respect to the assets held in the account, that is paid or credited to the account during the relevant reporting period (for custodial accounts)
  • The total gross proceeds from the sale or redemption of financial assets that is paid or credited to the account during the relevant reporting period (for custodial

According to FATCA and CRS regulations, information of reportable customers listed below will be shared with the Turkish Ministry of Finance-Revenue Administration:

  • In accordance with FATCA Agreement signed between the US and Turkey, for the non-participating financial institutions who do not fulfil FATCA requirements, a 30% withholding over their US source income may be imposed by the US or the authorized bodies entitled to withhold tax on behalf of the US.
  • Customers who choose not to comply with FATCA, declare the necessary information or do not submit proof documents under FATCA and CRS and will be reported to Revenue Administration.
  • Financial institutions that do not comply with FATCA, will not be able to open new accounts with FATCA compliant foreign financial institutions.
  • In case of non-compliance with CRS legislation; sanctions shall be imposed for each notification under the scope of Law on Tax Procedure, No:213.

Our Capital Amount

  • The committed and paid up capital is TL 3.288.842.000,00

Articles of Association

Internal Directive of Board

AML Policy Summary

General Assembly Meetings

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Corporate Governance Principles Compliance Reports

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