Türkiye Vakiflar Bankasi Türk Anonim Ortakligi Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 07, 2022 at 10:21 am EST
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Türkiye Vakiflar Bankasi Türk Anonim Ortakligi reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net interest income was TRY 16,288.12 million compared to TRY 4,898.09 million a year ago. Net income was TRY 5,750.09 million compared to TRY 919.76 million a year ago. Basic earnings per share from continuing operations was TRY 0.8628 compared to TRY 0.2451 a year ago.
For the nine months, net interest income was TRY 40,713.17 million compared to TRY 11,137.34 million a year ago. Net income was TRY 16,519.16 million compared to TRY 2,614.47 million a year ago. Basic earnings per share from continuing operations was TRY 2.6957 compared to TRY 0.6944 a year ago.
Turkiye Vakiflar Bankasi TAO is a Turkey-based company, which provides a range of banking products and services. It offers its products and services through its corporate, commercial and Small and Medium Enterprises (SME) banking, as well as through its retail and private banking business lines. The Bank is also active in investment banking and capital markets, as well as provides a range of financial services including insurance, financial leasing and factoring through its financial subsidiaries. Its banking products include: time and demand deposit, accumulating account, repos, overdraft facilities, spot loans, foreign currency indexed loans, consumer loans, automobile and housing loans, working capital loans, discounted bills, foreign currency loans, pre-export loans, letters of guarantee, letters of credit, export factoring, acceptance credits, leasing, insurance, futures, salary payments, investment account, bill payments, tax collections and payment orders, among others.
TÜRKIYE VAKIFLAR BANKASI TÜRK ANONIM ORTAKLIGI 
