7.3 billion net profit from Yapı Kredi

Yapı Kredi recorded a profit of 7.3 billion TL in the first quarter of the year. The profit of the bank in the same period of last year was TL 1.5 billion. Yapı Kredi contributed TL 645 billion to the national economy in the first quarter of 2022. Yapı Kredi’s asset size reached TL 872.1 billion with an annual increase of 63 percent, with a net profit of TL 7.3 billion. The capital adequacy ratio of the bank, which had a return on equity of 42.3 percent, was 15.5 percent without the contribution of temporary regulation.

Stating that they continued to support the country’s economy in the first quarter of 2022, Yapı Kredi CEO Gökhan Erün said: “With the responsibility we feel for our country and all our stakeholders, we provided a resource of 645 billion TL to our country’s economy by showing a strong performance in the first quarter of the year. In addition, our market share in cash loans was 16.3 percent among private banks, while it was 14.4 percent in customer deposits. Our cash loan volume, on the other hand, increased by 50 percent compared to the previous year and reached 458 billion TL. In the upcoming period, with our unique ‘There is no limit in service’ philosophy; Without ignoring social and governance issues, we will continue to contribute to economic development and growth and create long-term value for all our stakeholders.”

We will continue to support our country’s economy

Emphasizing that our country’s economy continues to grow with the measures taken and steps taken in 2021 after 2020, which passed in the shadow of the pandemic, Erün made the following assessment regarding the year 2022; “The pandemic has been a source of great economic stress for our country as well as the rest of the world, but has also become a trigger for change and transformation. Thanks to the timely and effective steps taken by the legal regulators in this process, we continued to provide uninterrupted service to our customers under all conditions, and set an example for our industry in many respects. In the upcoming period, we will continue to support our country’s economy with all our strength, with the strong steps we have taken towards the same goal.”

Source: Dünya Gazetesi by www.dunya.com.

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