AKBANK PROVIDES TRY 331BN IN CREDIT SUPPORT

Akbank increased the credit support it provided in 2020 to TRY 331bn, TRY 279bn of it in cash, according to Hakan Binbasgil, the bank’s General Manager. Akbank’s total deposits reached TRY 293bn, a 19.5% increase while its total assets increased by 23.5% to TRY 478bn in 2020. This year, the bank earned a net consolidated profit of TRY 6.2bn after receiving TRY 2.2bn in tax provisions. “We are among the strongest in our industry in terms of capital structure. We continue to contribute to the development of the real sector through the credits we are able to provide thanks to the strength of that structure,” said Binbasgil.