12 Aug 2011 17:02

12.08.2011TL 1,476 million net profit from Isbank in the first 6 months
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While posting TL 1,476 million net profit in the first 6 months, Isbank's assets reached TL 147,891 million. With its deposit base reaching TL 90 billion and loan portfolio reaching TL 77 billion portfolio, Isbank sustained its leadership in the banking sector in both areas. Ranking 100th in the "Top 1000 World Banks" list published by the Banker magazine and being the only Turkish bank among the top 100, Isbank, with its results achieved in the first half of the year, has strengthened its position of being the biggest private bank in Turkey.
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Mr. Adnan Bali, CEO of Turkiye Is Bankasi, in his written statement on the first half results stated that; compared to the year end, Isbank increased its assets by 12.2% in the first half of the year to TL 148 billion, its shareholders' equity by 5.9% to TL 18 billion and that the Bank's net period profit was realized at TL 1,476 million. Mr. Bali said; "Ranking 100th in the "Top 1000 World Banks" list published by the Banker magazine and being the only Turkish bank among the top 100, Isbank, with its results achieved in the first half of the year, has strengthened its position of being the biggest private bank in Turkey".
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Largest lender in the banking sector
The loan portfolio of Isbank, entitled as the largest lender in the banking sector, increased by 19.5 % to TL 77 billion. During this period, The Bank's commercial loans grew by 21% and its consumer loans by 17.4%. Enabled by its solid financial structure, the Bank continued to set aside 100 percent provision for the non-performing loans in this period. The CEO of Isbank, Mr. Adnan Bali said that the Bank, which will continue with its selective and prudent approach in loan growth by also pursuing the economic measures to be taken, will be one of the biggest supporters of the real economy in the coming period, too.
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Savers first choice in deposits
Isbank also achieved 2.0% increase in deposits, another item that the Bank is a leader among private banks, and raised its deposit base to TL 90 billion. As for the Turkish Lira savings deposits, which has the largest share in the Bank's total deposit base, there has been 5.7% increase during this period.
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TL 1,476 million net period profit
Achieving 9.3% increase in interest income on loans compared to the same period of the previous year, parallel to the growth in loan portfolio, the Bank's total interest income grew by 3.3% to TL 5,031 million and its net interest income was realized at TL 2,195 million. During this period, dividend income from participations contributed to the Bank's results as well as commissions and other income.
The impact of the measures will further be felt
Concluding his remarks, Isbank's Chief Executive Officer Mr. Adnan Bali said, "In the coming period, when the impact of the measures taken to cool off the economy will further be felt in addition to the declining margins and competitive market conditions, Isbank will continue to contribute to the domestic economy in accordance with its solid position in the banking sector".
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* Isbank's bank-only and consolidated financial statements for 2011H1 are available at:
http://www.isbank.com.tr/English/content/EN/Investor_Relations-548-363.aspx
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