Yapi ve Kredi Bankasi A.S. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 23, 2023 at 11:31 pm EDT
Share
Yapi ve Kredi 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 29,595.77 million compared to TRY 21,300.92 million a year ago. Net income was TRY 24,585.73 million compared to TRY 16,134.71 million a year ago. Basic earnings per share from continuing operations was TRY 2.91 compared to TRY 1.91 a year ago.
For the nine months, net interest income was TRY 53,518.09 million compared to TRY 47,943.8 million a year ago. Net income was TRY 48,702.2 million compared to TRY 35,315.45 million a year ago. Basic earnings per share from continuing operations was TRY 5.77 compared to TRY 4.18 a year ago.
Yapi ve Kredi Bankasi AS (the Bank) is a Turkey-based company that provides banking products and services. It operates through the following segments: Retail Banking, which offers card payment systems, consumer loans, commercial installment loans, small medium size enterprises (SME) loans, time and demand deposits, gold banking, investment accounts, life and non-life insurance products as well as payroll services; Corporate and Commercial Banking, which offers working capital finance, trade finance, project finance, domestic and international non-cash loans such as letters of credit and letters of guarantee, cash management and internet banking, as well as Private Banking and Wealth Management, which serves high net worth customers. The Bankâs operations are supported by domestic subsidiaries in asset management, brokerage, leasing and factoring as well as international banking subsidiaries in the Netherlands, Russia, Malta and Azerbaijan.
YAPI VE KREDI BANKASI 
