Turkiye Garanti Bankasi A.S. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 31, 2023 at 05:25 am EDT
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Turkiye Garanti Bankasi A.S. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was TRY 23,350.66 million compared to TRY 26,972.81 million a year ago. Net income was TRY 23,633.37 million compared to TRY 17,484.92 million a year ago. Basic earnings per share from continuing operations was TRY 5.627 compared to TRY 4.163 a year ago.
For the nine months, net interest income was TRY 60,170.76 million compared to TRY 58,016.11 million a year ago. Net income was TRY 57,217.49 million compared to TRY 38,569.82 million a year ago. Basic earnings per share from continuing operations was TRY 13.623 compared to TRY 9.183 a year ago.
Turkiye Garanti Bankasi AS is a Turkey-based banking institution. It operates under the following business segments: Retail Banking, Corporate/Commercial Banking and Investment Banking. The banking products served to customers are: custody services, time and demand deposits, accumulating deposit accounts, repos, overdraft facilities, spot loans, foreign currency indexed loans, consumer loans, automobile and housing loans, working capital loans, discounted bills, gold loans, foreign currency loans, Eximbank loans, pre-export loans, Export Credit Agency (ECA) covered financing, letters of guarantee, letters of credit, export factoring, acceptance credits, draft facilities, forfeiting, leasing, insurance, forward, futures, salary payments, investment account (ELMA), cheques, safety boxes, bill payments, tax collections and payment orders. The Bank provides service packages to its corporate, commercial and retail customers including deposit, loans, leasing and factoring, among others.
TURKIYE GARANTI BANKASI 
