Albaraka Türk Katilim Bankasi A.S. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 18, 2022 at 12:25 pm EDT
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Albaraka Türk Katilim Bankasi A.S. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net interest income was TRY 1,304.13 million compared to TRY 380.21 million a year ago. Net income was TRY 610.02 million compared to net loss of TRY 39.88 million a year ago. Basic earnings per share from continuing operations was TRY 0.21 compared to basic loss per share from continuing operations of TRY 0.03 a year ago.
For the six months, net interest income was TRY 2,178.07 million compared to TRY 672.71 million a year ago. Net income was TRY 724.16 million compared to TRY 44.42 million a year ago. Basic earnings per share from continuing operations was TRY 0.29 compared to TRY 0.03 a year ago.
Albaraka Turk Katilim Bankasi AS (Albaraka Turk) is a Turkey-based financial institution engaged in interest-free financial services. The Company provides a range of banking and financial services include Retail banking, which offers personal financing, credit cards, bank cards and other banking services, and Commercial/Corporate banking, which includes credits, cash management, foreign trade, business card and insurance services, as well as current and participation accounts. The Bank operates through a network of 122 domestic branches. In addition, the Bank operates as an insurance agency on behalf of Isik Sigorta, Anadolu Sigorta, Gunes Sigorta, Allianz, Aviva Sigorta, Neova Sigorta, Zurich Sigorta, Ankara Sigorta, Avivasa Emeklilik ve Hayat and Generali Sigorta. Albaraka Turk is a part of Albaraka Banking Group of Saudi Arabia.
ALBARAKA TÜRK KATILIM BANKASI 
