Akbank T.A.S. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 27, 2022 at 11:10 am EDT
Share
Akbank T.A.S. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net interest income was TRY 16,770.83 million compared to TRY 5,341.46 million a year ago. Net income was TRY 13,107.28 million compared to TRY 2,106.27 million a year ago. Basic earnings per share from continuing operations was TRY 2.521 compared to TRY 0.405 a year ago.
For the six months, net interest income was TRY 28,358.53 million compared to TRY 9,539.58 million a year ago. Net income was TRY 21,156.53 million compared to TRY 4,134.41 million a year ago. Basic earnings per share from continuing operations was TRY 4.069 compared to TRY 0.795 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. 
