ISBANK CONTRIBUTES TRY 520BN TO THE ECONOMY

Isbank provided TRY 520bn support to the economy in the first quarter of the year (Q1), according to Hakan Aran, Member of the Board and Chief Executive Officer of Isbank. The bank increased its asset size by 6.2% to TRY 630.8bn in Q1, compared to the end of 2020, making it the largest private bank in the country. “We continue to support manufacturing, trade and projects, which will provide employment and investment continuity,” said Aran. The cash loan volume of Isbank totaled TRY 384.3bn and the bank’s non-cash loan volume reached TRY 135.bn in Q1. Isbank also raised its total deposit volume to TRY 382.1bn, while the bank’s net profit reached TRY 1.85bn in this period.