Having increased its total loans by 22 percent on year-on-year basis, Aktif Bank provided some support of approximately 10.8 billion TRY to the economy.
Aktif Bank announced its figures for the half year
Aktif Bank, the largest privately-owned investment bank in Turkey, announced the results for the second quarter. Serdar Sumer, the CEO of Aktif Bank that has increased its total cash and non-cash loans by 22 percent on year-on-year basis, highlighted that their products and services, touching to the lives of the customers, were effectual for such accomplishment also during the course of the Covid-19.
According to the financial results announced by Aktif Bank, which serves as the largest ecosystem of financial technologies in Turkey thanks to its innovative business model and sustainable investments, the Bank increased its total cash and non-cash loans by 22 percent on year-on-year basis during the first half of 2020, and it provided some support of approximately 10.8 billion TRY to the economy. The size of the assets of the Bank that has accomplished to raise its net profits to 263 million TRY with an increase by 20 percent on year-on-year basis, was reported as 18 billion 310 million TRY.
Serdar Sumer, the CEO of Aktif Bank, who highlighted that they continued to diversify their digital products and services and facilitate the lives of the customers also during the course of the Covid-19, remarked; "2020 comes out to be a year in which we demonstrate the accurateness and achievement of our business model despite the developments experienced throughout the world as well as in our country. Today, we are driven to successful results by our business model, we have built upon productivity and profitability, and also our digital business manner, we have been enhancing continuously, as well as the technology-driven solutions, we offer to our customers in every aspect of life. This is endorsed also by our financial results for the first half of 2020. We remained committed to our innovations with respect to our products and services also during the course of the pandemic, and we responded to the requirements of our customers at any given time and in respect of any matter whatsoever in a manner that would be appropriate for protecting the public health. The increases in our profitability and size of assets came up as a yield of such approach of us".
Indicating that the Bank achieved success thanks to its profit-oriented banking model that is built upon sustainable growth, Mr. Sumer said; "We accomplished issuance of Asset-Backed Securities, Sukuk Al Ijara and Sukuk Al Musharakah and also Inflation-Indexed Bonds with a volume of approximately 1.3 billion TRY in addition the Bank Bills by benefiting from our competence at the capital markets. One of such issuances was the 6 lease certificates with the maturities starting from 3 months and extending up to 18 months with a total amount of 135 million TRY, which were reported as the first issuance of sustainable lease certificates in Turkey. We will continue to act as the leader in such field, and also to provide active contribution to the national economy".