İşbank has reported a net profit of
TRY2.44bn ($1.69bn) for the nine months to 30 September, a 21%
increase compared to the same period last year.
Third quarter net profit
of TRY577.7m was 33% up on the same quarter last year.
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Total lending increased
19% year-on-year to TRY62.9bn while deposits increased by 11.4% to
TRY80.4bn.
With a 11.2% retail
lending market share, İşbank remains the largest retail lender in
Turkey.
İşbank’s total deposits
market share remained flat year-on-year at 14.3%; its market share
for foreign exchange deposits fell 60 basis points to 15.3% while
Turkish lira deposits market share rose 30 basis points to
13.8%.
Total assets increased
10% in the year to date to TRY141bn.
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By GlobalDataPositive metrics
included a 150 basis point reduction in İşbank’s non-performing
loans ratio from a year ago to 4.6%.
In the cards sector,
İşbank ended the third quarter with a 15.6% market share – the
largest in the country – for debit cards and but ranks only third
for credit cards with a 11% market share.
Since the start of the
year, İşbank has opened 42 branches, in the process increasing its
branch network to 1,135.
