Türkiye Vakiflar Bankasi Türk Anonim Ortakligi Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
August 08, 2024 at 11:17 am EDT
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Türkiye Vakiflar Bankasi Türk Anonim Ortakligi reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported net interest income was TRY 20,943.86 million compared to TRY 3,073.77 million a year ago. Net income was TRY 11,094.21 million compared to TRY 2,549.77 million a year ago. Basic earnings per share from continuing operations was TRY 1.3626 compared to TRY 0.2888 a year ago.
For the six months, net interest income was TRY 40,341.47 million compared to TRY 10,609.71 million a year ago. Net income was TRY 24,266.44 million compared to TRY 7,889.36 million a year ago. Basic earnings per share from continuing operations was TRY 2.7056 compared to TRY 0.9232 a year ago.
Turkiye Vakiflar Bankasi TAO is a Turkey-based company, which provides a range of banking products and services. It offers its products and services through its corporate, commercial and Small and Medium Enterprises (SME) banking, as well as through its retail and private banking business lines. The Bank is also active in investment banking and capital markets, as well as provides a range of financial services including insurance, financial leasing and factoring through its financial subsidiaries. Its banking products include: time and demand deposit, accumulating account, repos, overdraft facilities, spot loans, foreign currency indexed loans, consumer loans, automobile and housing loans, working capital loans, discounted bills, foreign currency loans, pre-export loans, letters of guarantee, letters of credit, export factoring, acceptance credits, leasing, insurance, futures, salary payments, investment account, bill payments, tax collections and payment orders, among others.
TÜRKIYE VAKIFLAR BANKASI TÜRK ANONIM ORTAKLIGI 
