Turkiye Is Bankasi TIBD 3rd Quarter Results

  Turkiye Is Bankasi (TIBD) - 3rd Quarter Results

RNS Number : 1680R
Turkiye Is Bankasi
14 November 2012

Isbank achieved TL 2,345 million net profit at the end of the third quarter

Isbank's total assets have reached TL 167 billion and its total  shareholders' 
equity has risen to TL  21 billion. The Bank has  posted TL 2,345 million  net 
period profit.

In his written statement on the results of the first nine months of the  year, 
Isbank's Chief Executive Officer Mr. Adnan Bali stated that; Isbank has raised
its asset size to TL 167 billion and its shareholders' equity to TL 21 billion
and said,  "With the  contribution  of strong  shareholders' equity  and  high 
quality assets, the Bank's net profit has increased by 30.1 % compared to  the 
same period  of the  previous year  and  reached TL  2,345 million.  The  Bank 
continued its policy of steady and profitable growth in this period, too,  and 
preserved its position as Turkey's biggest bank".

Biggest Lender in the Banking Sector

Raising its loan portfolio to TL 99 billion, Isbank has maintained its leading
position by far in the sector in terms of lending. Isbank has always aimed  to 
give optimum support to the real economy in a way to create mutual value.  The 
Bank  has  also  continuously  taken  innovative  steps  to  meet  the  retail 
customers' needs in the  best possible way and  kept contributing directly  or 
indirectly to industry, exports, production  and employment and remained  near 
to its customers.

Isbank is determined to continue its extensive lending policy by pursuing  its 
target of contributing  to the economy  and by increasing  the support to  its 
customers. Within this framework, in  order for both diversifying its  funding 
sources and increasing its support to the domestic economy and the real sector
by extending  its lending  capacity,  Isbank has  procured  a total  of  funds 
amounting to USD  1,500 million, by  using the opportunities  provided by  the 
prevailing market conditions. USD  1 billion of these  funds are qualified  as 
subordinated loans sold to international investors in the foreign markets with
a term of 10 years, and USD 500 million of them are bond issues with a term of
5 years.

With its Deposit Base Exceeding TL 100 Billion, Isbank is the Constant  Leader 
of Private Banks

With its extensive  branch network,  high service quality  and its  customers' 
trust, Isbank maintained  its leading  position among private  banks for  many 
years. Isbank's deposit base has exceeded TL  100 billion and risen to TL  102 
billion. In  this period,  Turkish Lira  savings deposits,  the major  deposit 
item, has reached TL 42 billion.

Strongest Private Bank

With the  results  it has  achieved,  Isbank  has managed  to  strengthen  its 
financial structure and increased its shareholders' equity by 16.8 % to TL  21 
billion in the first nine months of the year.

With the help of strong lending growth,  the Bank has raised its net  interest 
income and also had a good  performance in transactions with commissions.  The 
Bank's net period profit was TL 2,345 million. Focused on sustainable and good
quality profit, Isbank kept its profitability performance, using the funds  it 
has achieved in the most efficient way.

At the end of his statement,  Isbank's Chief Executive Officer Mr. Adnan  Bali 
said, "With the size and results it has achieved, the Bank has also become the
biggest bank in  the Turkish  banking sector  as well  as "the  leader of  the 
private banks". With  its experience  and know-how, Isbank  leads the  banking 
sector and  successfully  represents  Turkey  on  the  international  platform 
through investing in the nearby geography. Isbank will continue to support the
real economy  and the  Turkish economy  and decisively  implement its  healthy 
growth strategy".

* Isbank's bank-only and consolidated financial statements for 2012Q3 are
available at:


                     This information is provided by RNS
           The company news service from the London Stock Exchange


QRTZMMMMRDFGZZM -0- Nov/14/2012 18:25 GMT
Press spacebar to pause and continue. Press esc to stop.