Alternative Bank's Total Assets Reach 81 Billion TL
According to the consolidated figures for the third quarter of 2024, Alternative Bank's total assets reached 81 billion TL. During this period, the bank's support to the country’s economy through cash (including financial leasing receivables) and non-cash loans increased to 77 billion TL. The bank's equity reached 7 billion TL, while the capital adequacy ratio for this period was 24%. With the performance shown in the third quarter of 2024, Alternative Bank's consolidated net profit for the period was 660 million TL.
Evaluating Alternative Bank's financial results for the third quarter of 2024, General Manager Ozan Kırmızı stated, “In this quarter, where significant developments affecting both the global and national economy occurred, we continued to work with our employees to create value for our customers, stakeholders, and our country. In the first nine months of the year, we effectively managed our balance sheet while maintaining high asset quality.”
“The working volume of our digital branch has reached 4 billion TL.” Expressing that they are continually working to provide a seamless customer experience with digital solutions that simplify banking applications for everyone, Ozan Kırmızı continued: “As Alternative Bank, we continue to expand our customer base with strong growth in digital and retail banking. In this regard, we recently celebrated the first anniversary of our Digital Branch, which we launched last year, integrating digital banking services with a human touch. A key factor that allows us to stand out in competition is assigning a specialist 'Portfolio Manager' to customers who come through video calls without any minimum limit requirement. With our service model that combines the convenience of digital banking with a human touch, we have now reached a working volume of 4 billion TL. Our Digital Branch, which initially lagged behind all branches in terms of working volume, rapidly rose to leadership in the retail segment in a very short time.”
In the last quarter, Kırmızı indicated that they continued their activities in the field of 'digital transformation,' which holds significant importance among the strategic priorities set at the beginning of the year. “The instant credit application we launched in September for clients who are not yet customers has been one of the driving forces of our growth in personal loans. Additionally, with the pre-approved limit automation project launched during this period, approximately 45% of our total personal loan balance has now been formed from pre-approved limits. All of these once again demonstrate that we are progressing with the steps defined in our strategy at the beginning of the year,” he stated.
“We were named the best bank in Turkey in the field of diversity and inclusiveness.” Highlighting that they are keen on ensuring the financial inclusivity served by the barrier-free banking initiatives increasingly associated with Alternative Bank, Kırmızı said, “We continue to make a difference in this area by focusing on the social aspect of sustainability and the principles of ‘financial inclusivity’. With the successful projects we conduct in the fields of barrier-free banking and financial inclusivity, we were selected as ‘Turkey's Best Bank in Diversity and Inclusion’ at the 2024 Excellence Awards organized by Euromoney, one of the world’s leading banking and finance publications. This prestigious award is a testament to the international recognition of our bank’s determined efforts in the field of barrier-free banking. I would like to thank all our employees and stakeholders who contributed to Alternative Bank winning this important award. I believe this significant award, which reflects our determination and pioneering approach in the areas of diversity and financial inclusivity, is extremely valuable to us. I sincerely believe that this remarkable achievement will serve as a source of motivation for our bank and empower us to reach our future goals,” he stated.