Kuveyt Turk's Support to the Real Sector Exceeds TRY 89 Billion

Regional Economy 17.05.2021, 17:39
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Kuveyt Turk's Support to the Real Sector Exceeds TRY 89 Billion

Kuveyt Turk has made a net profit of TRY 459.2 million in the first quarter of 2021. According to the statement made by the bank, it has increased the size of the funds provided by Kuveyt Turk by 13%, reaching TRY 89.2 billion.

Kuveyt Turk has increased its net profit in this period by 45% compared to the same period of the previous, reaching TRY 459.2 million. Having increased its equities to TRY 8.2 billion and its asset size to TRY 163.6 billion, Kuveyt Turk has remained at 10th place in the banking sector in terms of asset size and the first among the participation finance institutions.

"We have maintained our steady growth"

Ufuk Uyan, the General Manager of Kuveyt Turk, commented on the process. Uyan said, "We have been serving our customers for 32 years with our products and services we have developed in line with participation finance principles. As we did in previous years, we have maintained our steady growth in the first quarter of this year as well. During the pandemic process, we have shaped our main focus around the health of our customers and employees. By means of our solution-oriented technological infrastructure, we continue to meet the financial needs of our customers easily, quickly, and safely through digital channels.

We can state that the amount of funds we have provided has reached TRY 89.2 billion in the first quarter, which is an important indicator of our sensitivity to support the real economy. In the upcoming period, we will continue our sustainable profitable growth with high asset quality and a healthy liquidity level by closely following the dynamics of the sector, and we will continue to provide new financing support to the real sector that constitutes the most fundamental element of the economic structure."

"We aim to become one of the financial institutions that offer the best customer experience in Turkey"

Stating that the expectations of customers regarding financial transactions have changed as digitalization gets more and more prominent in our lives, Ufuk Uyan explained, "Customers now want to perform the transactions they want in the safest and fastest way from wherever they want. While provided with these facilities, they also demand solutions by which they can perform banking transactions in a remote, inexpensive, easy, and intelligent way. In order to meet these expectations of our customers in the best way, we have implemented the application of becoming a customer and opening an account via video calls through Kuveyt Turk Mobile as of May 1, following the entry into force of the applicable legislation. We aim to become one of the financial institutions that offer the best customer experience in Turkey in this field."

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