17 percent annual growth in craftsman and agricultural loans…

17 percent annual growth in craftsman and agricultural loans…

06.05.2016

Şekerbank T.A.Ş. have announced its solo financial statements of 31/03/2016. Accordingly, the total assets of Şekerbank, which made TL 10.8 million net profit in 2016 Q1, reached TL 23 billion, representing a 7 percent y-o-y increase in the same period. 

As of 31/03/2016, the total loan volume of Şekerbank, which reserves 89 percent of its total loan portfolio to commercial loans, i.e. the agricultural, craftsman, enterprise, SME and corporate loans, has exceeded TL 15 billion. 

Outperforming the sector in craftsman and agricultural loans that constitute the focal point of its strategy, Şekerbank has grown by 17 percent in the recent year, and raised the total volume of its agricultural and craftsman loans to TL 3 billion as of 31.03.2016.

As of the end of Q1, Şekerbank's equity size reached TL 2.6 billion, representing 6 percent y-o-y increase. The total deposit volume of the Bank reached TL 13.8 billion.

Selected Indicators regarding Sekerbank's Non-Consolidated Financial results dated 31.03.2016:
Total Assets: TL 23 billion                    
Total Loans: TL 15.9 billion   
Total Deposits: TL 13.8 billion                  
Equities: TL 2.6 billion                           
Net Profit: TL 10.8 million