Isbank retains its position as the leading private bank of Turkey, once again

İşbank (Türkiye İş Bankası) which posted TL 4.5 billion net profit on a consolidated basis retained its number one position among private banks in Turkey. The bank which made a consolidated net profit of TL 4.5 billion in the first 9 months of the year increased its consolidated equity size to TL 61.2 billion TL corresponding to an increase of 10.1 percent compared to end of previous year.

According to a statement from the Türkiye İş Bankası, the bank increased its consolidated total assets to TL 526.3 billion as of September 2019.

As of September 2019, the Bank increased its consolidated deposit volume by 8.4 percent to TL 269.9 billion and maintained its leadership among private banks in deposits.

The bank also  increased its consolidated deposit volume by 8.4 percent to TL 269.9 billion and maintained its leadership in deposits, among private banks.

On the other hand, İşbank also issued TL 12 billion worth of securities in domestic markets in the first 9 months of 2019, TL 1.2 billion of which could be included in the capital calculation.

İşbank’s capital adequacy ratio increased to 17.8 percent.

Isbank, the first national private bank of the republican era was established on 26 August 1924 under the directives of Atatürk and in accordance with the decisions taken at the First Economic Congress of İzmir.

İşbank commenced to operate with 2 branches and 37 personnel under the leadership of the first Celal Bayar as the first General Manager. The Bank was established with a nominal capital of 1 million TL.