13 percent profit rise by Şekerbank in Q3.

Şekerbank made net profit of TRY 122 million 524 thousand in the first nine months of the year 2008. The net profit of the bank increased by 13 percent compared to the same period of the last year.

45 percent of loans given to SME, tradesmen and microenterprises
Şekerbank that has announced the financial statements of the first nine months of the year 2008 has increased its total assets to TRY 7.87 billion with 29 percent growth. The loans, which have a 60 percent share in the assets of Şekerbank, have reached TRY 4.8 billion with 32 percent growth compared to the end of the year 2007. The loans to SME, tradesmen, and microenterprises which constitute the most important denominator of the increase in the bank’s assets correspond to 45 percent of the total credit portfolio of the bank.

Deposits increased by 35 percent
Stating that the bank’s deposits increased by 35 percent in the first nine months of the year compared to the last year end, Şekerbank General Manager Meriç Uluşahin said, “Şekerbank that is 55 year-old and one of the longest established organizations of Turkey have achieved a great increase in the deposit volume as well with the perception of trust and its widespread network of branches in Anatolia. We have increased the share of deposit in the whole resource section in our balance sheet to 71 percent.” The size of Şekerbank’s equity has reached TRY 927.5 million with 7 percent growth.

Capital adequacy ratio: 14.11%
The capital adequacy ratio of Şekerbank became 14.11 percent as of September 30, 2008. “While advancing rapidly with the vision of becoming the leading bank in financing of the small-sized enterprises, Şekerbank derives its power from its strong capital structure”, said Uluşahin.