News

Þekerbank’s H1 net profit: YTL 86 million 295 thousand

In 2008 H1, Þekerbank made YTL 86 million 295 thousand profit. The Bank’s net profit rose by 39 percent year-over-year.

According to Þekerbank’s 2008Q2 financial statements, the size of its assets reached YTL 7 billion 306 million 298 thousand with a 20 percent growth in H1, and the size of its equity reached to YTL 876 million 311 thousand rising by 1.33 percent.

The capital adequacy ratio has become 14.09 percent as of June 30, 2008. With its total deposits reaching YTL 4 billion 614 million 777 thousand in 2008 H1, Þekerbank has made YTL 4 billion 428 million 230 thousand loans available in 2008, while its net interest revenues have reached YTL 280 million 833 thousand on annual basis with a 47.10 percent growth.

Þekerbank General Manager Meriç Uluþahin: "Þekerbank is the fastest rising bank of Turkey"

Stating that Þekerbank has performed considerably well according to the figures in its financial statements, Meriç Uluþahin said, "Þekerbank's outstanding performance is attention-grabbing for the international financial markets as well, and increasing the confidence to our bank. One of the most striking examples to that is the inclusion of our bank in the "Top 1000 World Banks 2008" rankings of The Banker magazine, one of the leading publications of the financial world. Rising by 393 steps, Þekerbank ranked 583rd in 2007 listing. Ranking sixth among the fastest-rising 50 banks of the world, our bank became the fastest upward moving bank of Turkey too with its last year’s performance. We are proud of being included in The Banker’s list as the fastest moving bank of Turkey and representing the Turkish financial sector in an international platform. Our bank, with a net profit rise of 39 percent in 2008Q2, derives its power from its widespread network of branches across Anatolia as well as its human resources specialized on banking services targeting SME’s, small sized enterprises and tradesmen. We have been advancing rapidly and confidently on the way of being one of the top 10 private banks of Turkey in 2010."

About Þekerbank

Founded in 1953, Þekerbank 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, Þekerbank’s shareholder structure is as follows; Þekerbank T.A.Þ. 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%. Þekerbank 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, Þekerbank serves its customer via 4,900 ATMs through the Common Point sharing program. The Þekerbank 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 Þekerbank affiliates are Þeker Investment, Þeker Factoring, Þeker Leasing, Þeker Informatics, Þekerbank Kýbrýs Ltd. and Tarpam A.Þ.