Sekerbank increases its Q1 profit by 98.95%Şekerbank increases its consolidated net profit by 60% in Q1

In 2008 Q1, Şekerbank gained TRY 58 million 989 thousand consolidated net profit. The consolidated net profit of the bank increased by 60 percent compared to 2007Q1.

According to the financial report of Şekerbank for 2008 Q1, the size of its assets reached TRY 7 billion 87 million 299 thousand in the first 3 months of the year with 12.14 percent increase. The size of the consolidated equity of the bank rose to TRY 897 million 668 thousand by increasing by 4.23 percent.

The capital adequacy ratio of the bank became 13.85 percent as of March 31, 2008. The loans of Şekerbank the total deposit of which reached TRY 4 billion 472 million 256 thousand in 2008 Q1 amounted to TRY 4 billion 207 million 142 thousand by increasing by 15.53 percent. The consolidated interest incomes of Şekerbank on annual basis went up to TRY 151 million 536 thousand with 43.02 percent increase.

Meriç Uluşahin: "Şekerbank is getting closer to its target rapidly and confidently with its banking services oriented towards SME, microenterprise, tradesman and farmer."

Şekerbank Executive President Meriç Uluşahin said, "Thanks to our Turkey-wide network of branches that have experiences of 30 to 40 years in their respective locations, we access the SMEs, microenterprises, tradesmen, and farmers who cannot receive banking services. Combining its expertise with its experience, Şekerbank produces solutions special to its customers, their needs, and their regions. It concretizes its Anatolian banking discourse with the loans it has made available for the microenterprises, tradesmen, and farmers. Endeavoring to give the best service to its customers with 250 branches and 10 regional offices, Şekerbank has been advancing rapidly and confidently on the way of being the leader of Anatolia among the top 10 private banks of Turkey in the year 2010 in the banking field."

About Şekerbank

Founded in 1953, Şekerbank serves in the fields of Corporate, Commercial, SME and Private Banking. Having offered its shares to public to be traded in the ISE in 1997, Şekerbank's shareholder structure is as follows; Şekerbank T.A.Ş. Personnel Voluntary Pension Fund 33.98%; TuranAlem Securities JSC 33.98%; Pankobirlik and Beet Root Cooperatives 0.08% (8 units), the Public Offering 31.96%. Şekerbank has 250 branches, 10 regional offices (3 in Istanbul, 7 in Anatolia) across Turkey and 1 overseas agency.

In addition to its own 260 ATMs, Şekerbank serves its customer via 4,900 ATMs through the Common Point sharing program. The Şekerbank internet banking services are rendered through www.sekerbank.com.tr that is accepted as one of the first 3 user friendly and the most secure internet sites of Turkey, and the telephone banking services through 444 78 78. The Şekerbank affiliates are Şeker Investment, Şeker Factoring, Şeker Leasing, Şeker Informatics, Şekerbank Kıbrıs Ltd. and Tarpam A.Ş.