Akbank supports the Turkish economy through loans of 400 billion TL in the first nine months of 2021
Evaluating the financial performance of Akbank in the first nine months of 2021, CEO Hakan Binbaşgil stated, “We are going through a period in which access to vaccines is more influential on the economic outlook than the pandemic itself. While countries with easy access to vaccines expect a rapid recovery, the ones that experience supply problems lag behind. We observe that, normalization process has positive effects on the economy of Turkey, which itself has conducted a successful vaccination campaign. In addition, Turkish banking sector continues to take steps to support the normalization process. As it has always been, Akbank will also continue to support our country, society and customers with its solid financials and highly skilled employees”
“We provided loans of TL 400 billion to our economy in the first nine months of 2021”
Binbaşgil continued, “In the first nine months of 2021, the loan support we provided to the economy increased to a total of TL 400 billion, with TL 330 billion in cash loans. Our deposits reached TL 350 billion, while our assets reached TL 590 billion. With our strong capital adequacy ratio of 20%, we continued to consistently support the growth and development of the real sector. Our bank reported a net profit of TL 7 billion 344 million in the first nine months of 2021, after TL 2 billion 564 million tax provisions.
“We are proud to be a signatory of the UN Principles for Responsible Banking”
Underlining Akbank’s efforts to support all kinds of initiatives that will benefit the world in terms of sustainability, Binbaşgil said, “We would like to leave a more habitable world to future generations. In line with this goal, we have entered a new period with our sustainability strategy and concrete targets. In the light of our environmental and societal responsibilities, which are at the heart of our culture, we work to create value for our community. Within this context, we are proud to become a member of United Nations Environment Programme Finance Initiative (UNEP FI) and commit to the Principles for Responsible Banking. Our sector has a critical role in the transition to a more sustainable and greener economy. Being aware of this, we will continue to work to fulfil our responsibility”
“Akbank has a high growth potential”
“With its strong capital, solid liquidity and highly skilled employees, Akbank has a high growth potential. The last quarter was a period during which our strong appetite for growth had further increased. Moreover, during this period, we took particular action to support our country's economy and achieved significant successes. We have achieved significant growth figures in many areas, as well as expanding a number of pioneering services that brought new customers to the Akbank family. I would like to extend my deep gratitude to our employees for their strong performance, to customers and shareholders for the trust they place in us.”