Türkiye Vakiflar Bankasi Türk Anonim Ortakligi Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024
November 06, 2024 at 12:05 pm EST
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Türkiye Vakiflar Bankasi Türk Anonim Ortakligi reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported net interest income was TRY 22,099.74 million compared to TRY 16,768.73 million a year ago. Net income was TRY 10,611.31 million compared to TRY 10,397.54 million a year ago. Net income was TRY 10,611.31 million compared to TRY 10,397.54 million a year ago. Basic earnings per share from continuing operations was TRY 0.01194 compared to TRY 0.010639 a year ago.
For the nine months, net interest income was TRY 62,441.21 million compared to TRY 27,378.44 million a year ago. Net income was TRY 34,877.74 million compared to TRY 18,286.9 million a year ago. Net income was TRY 34,877.74 million compared to TRY 18,286.9 million a year ago. Basic earnings per share from continuing operations was TRY 0.038996 compared to TRY 0.019871 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.