KT Bank: Germany’s most uncommon financial institution | EUROtoday

From his easy examine on the sixteenth flooring of an workplace constructing in Frankfurt’s monetary district, Ahmet Kudsi Arslan controls maybe probably the most uncommon financial institution in Germany. Private and enterprise folks can open an account with it, make investments cash and take out loans, similar to with any monetary establishment. But KT Bank doesn’t pay curiosity, doesn’t dealer securities transactions, and there’s no overdraft facility both: “We do not offer this because it violates our principles,” says Arslan, Chairman of the Managing Board and CEO of KT Bank.