Record Net Income and Continued Growth
Third quarter net income reached a new record level of TRY 30.9 billion, a 9% quarterly growth, leading to 31% ROE with relatively low leverage.
Sustained Core Banking Revenue Growth
Core banking revenues continued to grow for 7 consecutive quarters, reaching 7.8% of assets, the highest level among peers.
Strong Loan and Deposit Growth
Growth in TL loans was 10% in the third quarter, with credit cards and consumer loans at 15% and 12% respectively. Deposit base grew with a 14% increase in foreign currency deposits.
Effective Margin Management
Core margin improved by 44 basis points through opportunistic liquidity management and proactive funding strategies.
Improved Capital Adequacy
Issued $700 million Tier 2 in October, improving capital adequacy ratio by 92 basis points and reducing currency sensitivity.