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Akbank supports the Turkish economy through loans of 267 billion TL in 2018 

Akbank CEO Hakan Binbaşgil: “We continued to support our economy through our belief in the future of Turkey, as well as our strong capital, solid financials, expertise and experience.

Evaluating the financial performance of Akbank in 2018, CEO Hakan Binbaşgil stated, “We have left behind a year marked by market fluctuations, both in national and global levels. Despite these developments, Akbank has had a successful year. We continued to support our economy through our belief in the future of Turkey, as well as our strong capital, solid financials, expertise and experience”

“We increased our support to the economy to TL 267 billion”

Binbasgil continued, “In this period, the support we provided to the economy reached to a total of TL 267 billion, with TL 214 billion in cash loans. Our bank’s deposits reached TL 209 billion, and our assets increased to TL 355 billion this year. Our bank reported a net profit of TL 5 billion 709 million in the first half of 2018, after TL 1 billion 427 million tax provisions.”

“We provide advantages to meet the financing needs of our exporters”

Binbaşgil highlighted that they provide support to exporters, who are the drivers of economic growth in Turkey, and continued, “Through “Power of the Exporters Package”, Akbank provides all kinds of support and advantages to fulfill the financing needs of exporters. With this new initiative, we support our existing exporters and reach out to encourage potential exporters. We will achieve the export breakthrough our country deserves through working together.”

“We have created additional capacity for our growth potential with our successful capital increase”

Referring to the recent successful capital increase decision of Akbank, Binbaşgil added, “We have further strengthened our strong financial structure and created additional capacity for growth in the future. The process was successfully completed last year, with raising great interest from our investors abroad. We were happy to see that foreign investment of about USD 210 million entered Turkey through this process. We see our capital increase transaction as an important development that reflects the belief of Akbank and the markets in the future of our country.

“We provided USD 4.8 billion worth of foreign resources to the economy in 2018”

Binbaşgil noted that the syndicated loan agreement signed by Akbank in September was among the important turning points for the markets, and continued, “With this agreement, access to the syndicated loan markets was restored. Thanks to our strong financials and reputation, we were able to provide USD 4.8 billion worth of foreign resources to the economy in 2018.”

“We continue to invest in human resources and technology for Akbank and Turkey”

Binbaşgil said that Akbank continues to work to provide the best services to its customers, and continued, “We continue to raise the bar in banking through our strong brand, solid financials, human resources and cutting-edge technology. We place great importance in these areas and continue to invest in them. We will become more efficient in our sector and continue to provide value for all of our stakeholders through our Next Generation Akbank branches, Data and Life Center and our young and dynamic human resources who I believe are the best bankers in Turkey. I would also like to take this opportunity to extend my deep gratitude to our employees for their strong performance, and to our customers and shareholders for the trust they place in us.”

 
 
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