LONDON, August 31, 2016 /PRNewswire/ --

London-based International Finance Magazine has conferred the 2016 award for 'Most Innovative Bank' in Turkey to Odeabank.

Odeabank closed the year 2015 as one of the most successful players in the industry. Thanks to its strong primary shareholders, efficient technological infrastructure, effective risk management principles, experienced success-driven human capital, and its customer oriented service approach; Odeabank capitalised on its competitive strength to rank 8th among private deposit banks and 9th in total assets in 2015.

Having expanded to 55 branches in 15 cities in 2015, Odeabank's workforce increased to 1,538 employees. Furthermore, the bank has been highly successful in improving key performance indicators despite significant ongoing investment expenses, closing the year with net profit of TL 50.3 million.

Upon winning the award, Hüseyin Özkaya, CEO, Odeabank, said, "We are delighted to be awarded in this year's International Finance Magazine Awards as the Most Innovative Bank in Turkey in 2016. This award is the clear testimony of our efforts in becoming a pioneer of innovation and technology in the Turkish finance industry. We always try to stay a step ahead of our rivals by using advanced technology and creating effective business processes with an innovative approach. Odeabank has the vision to be the first bank that comes to mind regarding the banking needs of anyone who cares about their lives and their time. We'll continue to think creatively and come up with out of the box solutions for our customers and stakeholders."

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About IFM: 

International Finance Magazine (http://internationalfinancemagazine.com/) was established to offer credible financial news and present developments worldwide in a simple and easy-to-understand manner. Our audience comprises the top decision-makers in the financial community across the globe. We aim to be the most sought-after financial information provider.

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SOURCE International Finance Magazine