Akbank T.A.S. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 27, 2020 at 10:44 am
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Akbank T.A.S. Announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced net income was TRY 1,523.533 million compared to TRY 1,360.693 million a year ago. For the nine months, net income was TRY 4,408.836 million compared to TRY 4,027.696 million a year ago.
Akbank TAS is a Turkey-based commercial bank. It operates under the following segments: Consumer Banking; Commercial Banking, Small and Medium Enterprises (SME) Banking, Corporate-Investment and Private Banking, and Treasury. Consumer Banking offers retail services such as deposit accounts, consumer loans and asset management services, among others. Corporate Banking, Commercial Banking and SME Banking provide solutions and services to large, medium and small size corporate and commercial customers, such as Term Loan (TL) and foreign currency (FC) denominated working capital loans financing for investments, foreign trade financing and cash management services, among others. Project finance loans are provided within the context of Investment Banking activities. In the scope of Private Banking, the Bank serves the members of the high-income customers. The Treasury segment conducts TL and FC spot and forward transactions, treasury bonds and private sector bond transactions, among others.
AKBANK T.A.S. 
