Türkiye Is Bankasi A.S. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 06, 2023 at 10:25 am EST
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Türkiye Is 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 21,608.37 million compared to TRY 23,563.97 million a year ago. Net income was TRY 20,289.71 million compared to TRY 14,876.21 million a year ago. Basic earnings per share from continuing operations was TRY 0.8116 compared to TRY 0.595 a year ago.
For the nine months, net interest income was TRY 65,387.89 million compared to TRY 61,214.78 million a year ago. Net income was TRY 51,855.04 million compared to TRY 37,974 million a year ago. Basic earnings per share from continuing operations was TRY 2.0742 compared to TRY 1.519 a year ago.
Turkiye Is Bankasi AS is a Turkey-based banking institution. It operates under the following business segments: Corporate, Commercial, Retail and Private Banking, as well as Treasury/Investment Banking. Its Corporate and Commercial Banking segments provide services to large corporations, Small and Medium Enterprises (SMEs) and other trading companies, such as operating and investment loans, deposit and cash management, foreign trade transactions and financing, foreign currency trading and other banking services. Its Retail Banking services are comprised of individuals needs such as deposits, consumer loans, credit cards, foreign currency trading, insurance and other banking services. The Private Banking category is comprised of financial and cash management related services provided for individuals within the high-income segment. Treasury transactions are comprised of medium and long term funding tools. Its investments in associates and subsidiaries fall under Investment Banking.
TÜRKIYE IS BANKASI 
