Net consolidated profit of Şekerbank for 6 months amounts to TRY 87 million 404 thousand

In 2008 Q2, Şekerbank gained TRY 87 million 404 thousand consolidated net profit. The net profit of the bank increased by 31.90 percent compared to 2007 Q2.

According to the financial report of Şekerbank for 2008 Q2, the size of its assets reached TRY 7 billion 548 million 236 thousand in H1 with 19.43 percent increase. The size of the bank’s consolidated equity rose to TRY 883 million 145 thousand at the end of Q2 by increasing by 2.54 percent.

The deposit volume of Şekerbank, the consolidated capital adequacy ratio of which became 13.60 percent as of June 30, 2008, reached TRY 4 billion 685 million 491 thousand in 2008 H1. Şekerbank made available TRY 784 million 358 thousand loans in the first half of this year. The consolidated interest incomes of Şekerbank on annual basis reached TRY 590 million 694 thousand with 35.52 percent increase.

Meriç Uluşahin: "We will be the leader bank in financing of the small-sized enterprises"

 Şekerbank Executive President Meriç Uluşahin stated that they have been advancing confidently on the way of being the leader bank in financing of the small-sized enterprises in Turkey with the Anatolian Banking understanding and said, "Our bank receives its power from its professional and young human recourses who have adopted the local culture, who are able to develop solutions special to the regional needs, and who are differentiated in service. Our knowledge accumulation on the small-sized and microenterprises, agricultural loans, the tradesman loans, combined with our experience of 55 years in this field, enables us to look at the future confidently."