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Akbank supports Turkish Economy through TL 690 billion in loans in the first nine months of 2022 

Evaluating the financial performance of Akbank in the first nine months of 2022, CEO Hakan Binbaşgil stated, “The global economy is going through a challenging period due to the ongoing war, inflationary pressures and rising uncertainty. While some economies face a risk of recession, inflation seems to be a long-term issue for many others. Despite this global economic volatility, Turkey remains well positioned in terms of growth. The Turkish banking sector continues to support our country's long-term growth. With its strong capital and sound financials, Akbank remains well placed to continue to support the Turkish economy.”

“We provided loans of TL 690 billion to the economy in the first nine months of 2022”

Binbaşgil continued, “In the first nine months of 2022, the loan support we provided to the economy increased to a total of TL 690 billion with TL 561 billion in cash loans. Our deposits reached TL 669 billion, while our assets reached TL 1 trillion 69 billion. With our strong capital adequacy ratio of 22.2%, we continued to support the growth and development of the real sector. Akbank reported a consolidated net profit of TL 38 billion 223 million, after TL 13 billion 125 million tax provisions. I would like to take this opportunity to extend my deep gratitude to our employees for their strong performance in the first nine months of 2022, and to our stakeholders, especially our customers, for the trust they place in us.”

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