Yapi Kredi injects TRY 731bn into the economy

Koc Holding’s banking subsidiary Yapi Kredi contributed TRY 731bn to the economy in the first half (H1) of the year.

The bank’s asset size rose by 78% to TRY 991bn on a consolidated basis in H1 as compared to H1 2021. Its cash loan volume increased by 61% to TRY 513.3bn and total deposits reached TRY 517.7bn in the same period.

“We protected our strong liquidity level and capital adequacy in this period when we raised our basic banking revenues to TRY 31.2bn. Our market share was 16.1% in loan volume and 13.9% in customer deposit volume among private banks,” said Gokhan Erun, CEO of Yapi Kredi.

The bank’s capital adequacy ratio reached 16.7% in H1. Its net profit totaled TRY 19.2bn in the same period.

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