Akbank T.A.S. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 11:13 am EDT
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Akbank T.A.S. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was TRY 11,397.44 million compared to TRY 16,770.83 million a year ago. Net income was TRY 20,307.21 million compared to TRY 13,107.28 million a year ago. Basic earnings per share from continuing operations was TRY 3.905 compared to TRY 2.521 a year ago.
For the six months, net interest income was TRY 25,176.41 million compared to TRY 28,358.53 million a year ago. Net income was TRY 31,018.35 million compared to TRY 21,156.53 million a year ago. Basic earnings per share from continuing operations was TRY 5.965 compared to TRY 4.069 a year ago.
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. 
