Isbank Reveals Financial Results: Total Assets Reach 3.2 Trillion TL
Türkiye İş Bankası, while celebrating its 100th anniversary in 2024, maintained its title as Turkey's largest private bank by increasing its total assets to 3.2 trillion TL and its equity to 291 billion TL. General Manager Hakan Aran emphasized that the bank contributes to the economy through its investments in technology, digitalization, sustainability, and productive artificial intelligence. Noting that they continue to grow in focus areas such as agriculture, tourism, entrepreneurship, SME, and corporate banking, Aran stated that İş Bankası (ISCTR) is not just a bank but an institution that creates value for the country.
Aran announced that with the "81 Forests in 81 Provinces Project" recently launched in Samsun, the bank aims to plant 2.2 million saplings in its 100th year, and expressed that by supporting the Istanbul Marathon, the bank highlights social solidarity. İş Bankası is stepping into its second century with an innovative approach through these projects and is focused on creating lasting value.
Financial Performance and International Trust
As of the end of September, İş Bankası's cash loan volume reached 1.6 trillion TL, while its non-cash loan volume increased to 539 billion TL, raising the total resources provided to the economy to 2.1 trillion TL. The bank has signed many initiatives to enhance savings awareness and strengthen investments in Turkey. The İş Portföy Money Market (TL) Fund became the first TL investment fund in Turkey to surpass the threshold of 100 billion TL.
The bank increased its total deposit volume by 23.4% to reach 2.1 trillion TL in the September 2024 period. The TP deposit volume rose by 28.9% to 1.1 trillion TL. Providing over 4 billion USD in funding from abroad, İş Bankası once again confirmed its international reliability.
In the first nine months of 2024, the bank achieved a net profit of 34.7 billion TL, with a capital adequacy ratio of 18%. İş Bankası continues to play a significant role in Turkey's economic development by supporting the locomotive sectors of the economy.