Odea - Investment Banking App

Odea is a financial app designed to assist you in achieving your aspirations by simplifying your financial management. Featuring an intuitive interface, a variety of investment choices, and unique functionalities, it paves the way for a realm of privileges.

Here are some of the features available within the Odea app:

• Conduct your banking transactions quickly and safely.

• Effectively manage your portfolio with diverse investment options.

• Make informed investment decisions with instant market information and sophisticated analytical tools.

• Access retail or commercial banking services.

• Fulfill your financial requirements with appropriate loan solutions and favorable interest rates.

• Easily apply for debit and credit cards.

• Enhance your investments with intelligent management strategies and expert guidance.

• Open your account effortlessly through the remote account opening feature.

• Stay informed about investment news with the latest financial updates and podcasts.

Quick and Secure Banking

Carry out everyday banking tasks like money transfers, payments, card transactions, and cash advances rapidly and securely with Odea.

Invest in Diverse Options

Odea provides opportunities to diversify your investments through stocks, term deposits, mutual funds, and currency trading. Utilize up-to-date market data to make well-informed investment choices.

Monitor Gold and Currency Markets

Keep track of real-time gold prices and foreign exchange markets to execute transactions based on the latest data.

Retail and Commercial Banking Services

Odea offers personalized solutions tailored to your individual or business banking needs, including loans, deposits, cash management, project financing, and more financial services to support you and your enterprise.

Loan Options That Align with Your Goals

Explore the most appropriate loan options (such as vehicle, housing, personal) for your home, car, or other financial objectives, while calculating payment terms efficiently. Obtain financial solutions that suit your plans with swift application processes.

Attractive Interest Rates

Open a Turkish lira deposit account with Odea and enjoy appealing interest rates.

Simplified Card Applications via Mobile

Effortlessly apply for banking and credit cards using mobile banking without needing to visit a physical branch. Take control of your financial freedom through simple steps.

Intelligent Investment Management

Skillfully oversee your portfolio with tools like Rob’O Smart Advisor and investment specialists. Strengthen your investment choices with robust analytical tools and expert consulting.

Dive into the Investment Landscape

Keep up with the latest trends and insights in finance and investing by accessing industry news, articles, newsletters, and podcast series.

Open an Account Remotely through Video Call

Finalize your account setup from anywhere by talking to our experts via video call, ensuring a secure onboarding experience.

Experience Odea Privileges

Join Odea today for a fresh perspective on investment-centered banking and start exploring this world filled with advantages!

Seamless Video Call for Secure Onboarding

This app features a remote video call option, allowing new users to complete their onboarding process securely. This functionality facilitates smooth identity verification with real-time video and audio interaction.

To ensure a seamless user experience, the app utilizes a foreground service during video calls. This prevents interruptions caused by system limitations and runs only while calls are active, ceasing immediately after they conclude.

Odeabank Welcomed 2022 with Growth

Despite the challenges posed by the pandemic in both domestic and foreign markets over the past two years, Odeabank successfully also concluded 2021 with growth. In 2021, Odeabank achieved a net profit of 206 million Turkish lira, marking a year-on-year increase of 53 percent. Odeabank CEO Mert Öncü stated, “We successfully sustained our growth during the pandemic-affected year of 2021.”

Odeabank, Türkiye’s young, dynamic, and innovative bank, concluded the year 2021 with growth despite challenges in the Turkish and global economy. In 2021, Odeabank achieved a net profit of 206 million Turkish lira, marking a year-on-year increase of 53 percent. Also in 2021, Odeabank boosted its assets to 55.5 billion Turkish lira with a year-on-year increase of 39 percent and its deposits to 38.4 billion Turkish lira with a year-on-year increase of 50 percent.

Odeabank’s total gross loans rose to 27.6 billion Turkish lira with an increase of 30 percent, while its non-cash loans reached 8.7 billion Turkish lira with a year-on-year increase of 61 percent. Accordingly, the resources provided to the real economy reached 36.3 billion Turkish lira. The growth of Odeabank’s TRY loans continued in the fourth quarter of 2021, reaching 11.3 billion Turkish lira with a year-on-year increase of 18 percent.

While increasing its deposits to 38.4 billion Turkish lira, Odeabank maintained its core capital ratio and capital adequacy ratio above the industry average, standing at 12.5 percent and 25.7 percent, respectively, due to careful asset management and a strong equity structure. Odeabank’s fund volume increased to 3.4 billion Turkish lira, thanks to the diverse investment funds offered to customers, while the share of demand deposits in total customer deposits reached 21.1 percent. Odeabank achieved an increase in non-deposit assets under management to 5 billion Turkish lira through effective management and product diversification.

Öncü: We Will Continue to Focus on Sustainable Growth

Odeabank CEO Mert Öncü commented on the bank’s financial results for 2021: “The year 2021 has been challenging for the financial industry, both in Türkiye and around the world. Despite the economic fluctuations in Türkiye and around the world, we continued to successfully execute our customer-oriented strategy. We continued our operations with a greater emphasis on efficiency and risk management. During this period, we primarily focused on improving customer satisfaction and maintaining sustainable growth. In addition to significant growth achieved primarily in financing foreign trade, asset management, and investment products, we successfully improved customer satisfaction. This satisfaction motivates us to invest more in these areas. In the coming period, Odeabank will continue to create added value for the Turkish economy and contribute to Türkiye’s economic growth with the support of its stakeholders.

We are working to increase our presence in digital transactions. The introduction of remote account opening has enhanced the speed of our new customer acquisition process. We will further these efforts throughout the year.

In 2022, we will continue our strategy of cautious and sustainable growth, while closely following the developments in global finance and managing our risks. We strive to be a bank that is ‘more than meets the eye,’ offering next-generation services through the phygital banking approach to best serve our customers by combining our physical and digital experiences. This year will mark the 10th anniversary of Odeabank, Türkiye’s young, dynamic, and innovative bank. During our 10th anniversary, we will continue our efforts to provide the best savings and investment products in Türkiye and the region by leveraging the wide range of products we offer to our customers.”

Öncü: We have made a difference through our social investments.

Sharing details about Odeabank’s social initiatives in 2021, Mert Öncü continued, “The financial successes we attained in 2021 were inextricably linked to our social projects. And this proved to be true.” We also carried out efforts to benefit society through various social responsibility activities with a range of NGOs. As a signatory of the UN Women’s Empowerment Principles, we launched the ‘Fair Tales’ social responsibility project to promote gender equality, reaching 400,000 children.” We also adapted Fair Tales into a children’s play. Also, we became the first and only bank in Türkiye to join the Unstereotype Alliance Türkiye National Chapter, which aims to transform negative gender stereotypes in advertising content.”