Halkbank's First Quarter Net Profit Was In Line With Expectations

Halkbank's first quarter net profit was in line with expectations. The bank made a net profit of 59 million TL in the first quarter. Halkbank's first quarter net profit of 2021 was 59 million TL, parallel with analyst expectations of 59 million TL. The bank had a net profit of 825 million TL in the same period last year. Announcing its balance sheet for the first quarter of 2021, Halkbank increased its asset size by 41.1 percent as of the end of March 2021 compared to the same period of the previous year and increased it to 692.9 billion TL. Compared to the same period of the previous year, Halkbank increased its cash loans by 30.3 percent, while its total loans increased by 30.8 percent to 577.7 billion Turkish lira. While the bank's TL cash loans grew by 37.6 percent, its total deposits increased by 44.1 percent compared to the end of March 2020, and recorded as 471.6 billion TL.