Albaraka Türk Katilim Bankasi A.S. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 16, 2022 at 10:13 am
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Albaraka Türk Katilim Bankasi A.S. 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 1,102.5 million compared to TRY 399.89 million a year ago. Net income was TRY 410.97 million compared to TRY 91.77 million a year ago. Basic earnings per share from continuing operations was TRY 0.16405 compared to TRY 0.06798 a year ago.
For the nine months, net interest income was TRY 3,280.56 million compared to TRY 1,072.6 million a year ago. Net income was TRY 1,135.13 million compared to TRY 136.18 million a year ago. Basic earnings per share from continuing operations was TRY 0.45405 compared to TRY 0.10088 a year ago.
Albaraka Turk Katilim Bankasi AS (Albaraka Turk) is a Turkey-based financial institution engaged in interest-free financial services. The Company provides a range of banking and financial services include Retail banking, which offers personal financing, credit cards, bank cards and other banking services, and Commercial/Corporate banking, which includes credits, cash management, foreign trade, business card and insurance services, as well as current and participation accounts. The Bank operates through a network of 122 domestic branches. In addition, the Bank operates as an insurance agency on behalf of Isik Sigorta, Anadolu Sigorta, Gunes Sigorta, Allianz, Aviva Sigorta, Neova Sigorta, Zurich Sigorta, Ankara Sigorta, Avivasa Emeklilik ve Hayat and Generali Sigorta. Albaraka Turk is a part of Albaraka Banking Group of Saudi Arabia.
ALBARAKA TÜRK KATILIM BANKASI 
