Published On: Sat, Feb 9th, 2019

ISBANK continues to provide financial support for real sector and household

ISBANK continues to provide financial support for reel sector and household

Based on a recent report ISBANK (Türkiye İş Bankası) of Turkey increased its asset size to TL 416.4 billion corresponding to an increase of 41 percent compared to the end of 2017 and maintained its leading position among private banks.

The top management shared that the bank had continued support the real sector and households in 2018 during which strengthening of confidence in the national economy was more important than ever. It was also shared that the bank had provided a total financing support of TL 351.6 billion to the economy with TL 260.3 billion in cash and TL 91.3 billion in non-cash loans.

On the other hand the ratio of non-performing loans of the bank to its total loans was 4.1% at the end of 2018 as it focused on effective allocation of and risk management of its resources. This figure was observed to be well below the average of private banks in the sector.

Thanks to its strong position in the sector, widespread branch network and digital channels, ISBANK continued to be the primary preference of deposit holders and ranked first among private banks in terms of total deposit size by the end of 2018. The Bank’s deposit volume increased by 20.4 percent compared to the end of 2017 and reached TL 245.3 billion at the end of 2018.

The bank also continued to benefit from non-deposit funding opportunities in domestic and international markets in order to diversify its resources by considering the cost of funding.

ISBANK which is an institution with a long history and significant experience in syndicated loans, successfully renewed these loans in 2018 and provided approximately USD 2.5 billion in financing.

In 2018, ISBANK focused on increasing its efficiency by incorporating digital transformation into business processes. On the other hand, while it positioned physical and digital channels to complement each other, it also continued to offer personalized products and services services to facilitate the lives of its customers. The number of people using “IşCep”, Turkey’s first mobile banking application increased to 6.7 million in 2018.

ISBANK achieved a net profit of TL 6.8 billion in 2018, increasing its equity size by 15.7 percent to TL 49.7 billion as compared to end of 2017. As of the end of 2018, the Bank’s capital adequacy ratio stood at 16.5 percent, above the regulatory limit.

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