Akbank Announces Consolidated Earnings Results for the Full Year of 2016
January 31, 2017 at 03:30 pm
Share
Akbank announced consolidated earnings results for the full year of 2016. For the year, the company reported that in 2016, despite a very challenging year, they have achieved a significant earnings growth of 50% from TRY 3.2 billion in 2015 to TRY 4.8 billion in 2016. The results imply both a reported and regular return equity of 16% for the year. This indicates a 4% point increase compared to last year.
Akbank TAS is a Turkey-based commercial bank. It operates under the following segments: Consumer Banking; Commercial Banking, Small and Medium Enterprises (SME) Banking, Corporate-Investment and Private Banking, and Treasury. Consumer Banking offers retail services such as deposit accounts, consumer loans and asset management services, among others. Corporate Banking, Commercial Banking and SME Banking provide solutions and services to large, medium and small size corporate and commercial customers, such as Term Loan (TL) and foreign currency (FC) denominated working capital loans financing for investments, foreign trade financing and cash management services, among others. Project finance loans are provided within the context of Investment Banking activities. In the scope of Private Banking, the Bank serves the members of the high-income customers. The Treasury segment conducts TL and FC spot and forward transactions, treasury bonds and private sector bond transactions, among others.
AKBANK T.A.S. 
