Business

₺708 billion support from Isbank to the Turkish economy

Having reached ₺926.6 billion in assets by the end of 2021, Isbank continued to be “Turkey’s largest private bank”.

The total amount of resources provided by the bank to the economy increased to ₺707.6 billion by the end of 2021, of which ₺514.2 billion was cash and ₺193.4 billion was non-cash loans. The total deposit volume of the bank reached ₺595.6 billion by the end of 2021. Having achieved a net profit of ₺13.5 billion in 2021, Isbank’s equity size increased by 28.1% compared to the previous year and reached ₺86.8 billion at the end of 2021. The capital adequacy ratio was 20.4%.

Hakan Aran, General Manager of Isbank, said, “With the aim of producing shareable and sustainable value, we continued to provide financial support to the real sector and households in line with the needs of the country’s economy. With our deep-rooted and strong business model, we took care to direct our resources to the right areas and to use them in a way that creates added value for all our stakeholders.”

Source: Sabah / Translated by Irem Yildiz

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