Evaluating the financial performance of Akbank in the first quarter of 2024, CEO Kaan Gür stated, “The first quarter of this year saw a continuation of the monetary tightening that began in the second half of last year. Throughout this process, the Turkish banking sector has maintained its strong structure. On the other hand, the improvement in the country risk premium facilitated the banking sector's access to external funding. Akbank also completed its’ inaugural Basel-III compliant Additional Tier-I (AT-1) issuance to international capital markets investors, which marks a first in Türkiye, with record demand.”
“We provided loans of TL 1 trillion 323 billion to the economy in the first quarter of 2024”
Gür continued, “In the first quarter of 2024, the loan support we provided to the economy increased to a total of TL 1 trillion 323 billion with TL 1 trillion 57 billion in cash loans. Our deposits reached TL 1 trillion 374 billion, while our assets reached TL 2 trillion 72 billion. With our strong capital adequacy ratio of 19.2%, we continued to support the growth and development of the real sector. In the first quarter of the year, Akbank reported a consolidated net profit of TL 13 billion 185 million, after TL 3 billion 314 million tax provisions. I would like to thank my colleagues for their successful performance and all our stakeholders, especially our customers, for the trust they place in us.”