6.1 Billion TL Profit from İs Bank !!!

Iş bank made a total profit of TL 6.1 billion in 2019. According to Iş bank's statement, the bank's asset size increased by 12.4 percent to TL 468.1 billion by the end of 2018 and as of the end of 2019, Iş bank retained its title as “the Largest Private Bank in Turkey”. As of the end of 2019, the share of deposits as the main funding source in total liabilities rose to 63.2 percent, while Işbank also used non-deposit resources to diversify its resources and benefit from cost-effective sources while keeping track of funding costs. November and May, the bank provided a total of $ 1.9 billion in syndicated loans and issued two domestic debt instruments consistent with a total of TL 1.2 billion that can be included in the capital calculation. The bank made a total profit of TL 6.1 billion in 2019. Capital adequacy ratio stood at 17.9 percent "Iş bank ranked first among private banks with its equity size reaching TL 58.9 billion by 18.4 percent year-end in 2018. Maintaining its strong capital structure, Işbank's capital adequacy ratio stood at 17.9 percent. Positioning digitization at the heart of its strategy, the bank continued to address digital transformation with a multidimensional and inclusive approach. The bank has completed the transformation of its branches in terms of digital tools, applications, and processes, aimed at improving customer experience and improving operational efficiency. The bank's share of transactions through non-branch channels exceeded 92 percent at the end of the year, while the total share of Iş Cep and Maximum Mobil, which are mobile banking applications, exceeded 62 percent. Işbank also introduced TekCep application, which is one of the most important steps in Turkey within the scope of open banking and which collects the accounts of commercial customers in different banks under one roof, to its customers in 2019. The bank continued to support the entrepreneurship ecosystem with its Workup Entrepreneurship Program, which is the main supporter of, and its API Portal (application programming interface), which is established to design innovative products in the open banking field. Iş bank general manager Adnan Bali stated that the bank continues to use its resources effectively to provide financing support to the country's economy. Bali reported that while cash loan volumes reached TL 289.2 billion at the end of 2019, its share in total assets was 61.8 percent and that the total support they provided to the economy through loans was TL 382.2 billion, along with a non-cash loan volume of TL 93 billion. "We will continue to support the country's economy with the awareness of the responsibility of being a leading and leading bank by aiming to create sustainable and long-term value for all our stakeholders., "he said.