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Şekerbank grew 32 percent in SME loans

10.05.2018

Şekerbank T.A.Ş.’s nonconsolidated financial tables dated 31.03.2018 have been disclosed. According to these the total credit volume compared to the same period of last year has been realized at 21.2 billion TL with a 27 percent increase as of the end of March and the asset size of Şekerbank has reached 30.4 billion TL.

The total deposit volume of the Bank at the end of the first quarter grew by 36 percent compared to march of last year to be realized at 20.4 billion TL. The equity of Şekerbank, which achieved a net profit of 27.7 million TL in the first three months of this year, exceeded 2.3 billion TL as of 31.03.2018.

Servet Taze: “We achieved high growth in SME loans by focusing on production based loans”
Şekerbank General Manager Servet Taze, who spoke about the first quarter results of the bank, pointed out that they were focusing on production oriented loans in particular to continue supporting farmers, merchants and SMEs as they have done for many years. Taze said “We achieved the highest growth over the last year with a 32% increase in SME loans by expanding our wide client base in agriculture and SME banking, which have been working with us for three generations. By continuing to be a sector role model in inclusive financing and supporting the strong and sustainable growth of our country we will continue to prioritize small producers and micro-businesses in our strategy”.

Select Indicators of Şekerbank’s Nonconsolidated Financial Results Dated 31.03.2018:

Total Assets: 30.4 billion TL
Total Credits: 21.2 billion TL  
Total Deposits: 20.4 billion TL
Equity: 2.3 billion TL
Net Profit: 27.7 million TL