KT Bank AG with headquarters in Frankfurt/ Main, Germany, is the first bank in Germany which introduced comprehensive financial products and services according to Islamic banking principles. KT Bank is a wholly owned subsidiary of Kuveyt Türk Katılım Bankası A.Ş. in Istanbul. KT Bank has a full banking license under German law for the provision of deposit and credit business in Germany. The bank is also a member of the Compensation Mechanism of German Banks "Entschädigungseinrichtung deutscher Banken GmbH" (EdB). On July 1st, 2015, KT Bank commenced its activities on the German market and the expansion of its branch network. The bank operates branches in Mannheim, Frankfurt, Berlin and Cologne. Islamic-compliant investment and financing products for retail and corporate clients.