TURBOARD | Turn Data Into Value

The Participation Banks Association of Turkey utilizes TURBOARD Business Intelligence and data visualization to raise public awareness of the sector’s services, importance, and contribution to Turkey’s economy.

The Participation Banks Association of Turkey (TKBB in Turkish) is the main representative of the participation banking sector in the country and works with the government, regulators and other stakeholders as a professional public institution established by the relevant provision of the Banking Law.

With 9 participation banks (by Oct. 2024) operating in Turkey with 7.5% market share, and a vision to raise this share to 15% by 2025, and to deliver world-class financial products and services, the association’s main objective is to increase public awareness and understanding of the contribution the sector makes to Turkey's economy.

As part of its efforts to support the participation banking sector, TKBB attempted to provide various useful data to the public through its website. The data were initially made available in simple excel files format and were not very useful.

Therefore, TKBB decided to refine this service by providing comprehensive, insightful, slickly visualized information, thus increasing awareness of the sectors’ contribution, promoting its financial products and services, improving public communication, perception and reputation management

TKBB and TURBOARD worked together to tailor user-friendly, graphics-supported, and visually rich statistical reports and data analysis interfaces. Users can access these reports via one platform, published under the name “Data Honeycomb”.

The platform is available online as part of the association’s website, and through the mobile application “TKBB Veri Peteği”, ensuring easy access anytime and anywhere.

The platform's data is updated periodically from the TKBB’s and the participation banks’ data stores.

As of April 2022, TURBOARD whitelabeled as “Data Honeycomb” has been providing insightful and statistical reports to the public on the participation banks sector. An unlimited number of users can monitor, follow, and benefit from:

Financial Reports: lease certificates (sukuk) issue volume, currency-protected participation accounts, independent audit reports, banking key performance indicators, and statistics of allocated funds distribution (covering various contract types such as benevolent loans, profit sharing, and various partnership and leasing types).
Profit Margin Ratios: historical profit-sharing and dividend distribution ratios, filtered by time periods, providing insights into account profitability (TL, USD, EUR, and gold) across the participation banks, helping users track trends and make informed financial decisions.
Digital Banking Data: active number of customers, transactions volume, with filters on province and city/town levels, etc.
Banks Branches Information: number of branches for all participation banks. Accessible ATM Locations: for all participation banks.
Banks Personnel Information: details of the personnel working in participation banks on a monthly basis, such as workforce, education, place and type of work.

Additionally, the association’s management and affiliated participation banks are utilizing TURBOARD’s reports and analysis on banks’ data to get insights, facilitate management processes, and make data-driven business decisions.