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Akbank supports the Turkish Economy through loans of 568 billion TL in the first quarter of 2022 

Evaluating the financial performance of Akbank in the first quarter of 2022, CEO Hakan Binbaşgil said, “For the global economy, the start of 2022 has been slightly more fragile than expected. While global geopolitical risks overtook the pandemic at the top of the agenda, inflation and commodity prices have continued to be significant challenges for the world economy. The effects of raw material and supply chain problems inherited from the pandemic period were also influential during the first quarter of the year. In this period of high uncertainty, the Turkish banking sector continued to support the sustainable growth of Turkey as it always has. Believing in Turkey’s future, Akbank continued to provide resources to the economy and real sector.”

“We provided loans of TL 568 billion to the economy in the first quarter of 2022”

Binbaşgil continued, “In the first quarter of 2022, the loan support we provided to the economy increased to a total of TL 568 billion with TL 462 billion in cash loans. Our deposits reached TL 515 billion, while our assets reached TL 850 billion. With our strong capital adequacy ratio of 22%, we continued to support the growth and development of the real sector. Akbank reported a consolidated net profit of TL 8 billion 49 million, after TL 2 billion 615 million tax provisions. I would like to extend my deep gratitude to our stakeholders, especially our employees, who contributed to our high performance in the first quarter of the year”

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