Albaraka Turk Katilim Bankasi AS
IST:ALBRK.E

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Albaraka Turk Katilim Bankasi AS Logo
Albaraka Turk Katilim Bankasi AS
IST:ALBRK.E
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Price: 6.17 TRY 1.15% Market Closed
Market Cap: 15.4B TRY

Albaraka Turk Katilim Bankasi AS
Investor Relations

Albaraka Türk Katilim Bankasi AS engages in the provision of financial and banking services. The firm 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.

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Earnings Calls

2024 Q4
Feb 25, 2025
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Halkbank Reports Strong Growth and Optimistic 2025 Guidance
2024 Q4
Feb 25, 2025

Halkbank's 2024 financial results reveal robust performance, with total revenues climbing 134% year-over-year. Net income surged by 31.4%, reflecting a return on equity of 10.8%. For 2025, the bank projects mid-20s total loan growth, aiming for a 4% net interest margin. They expect a remarkable 90% increase in net fees and commissions and a 50% rise in operating expenses. The non-performing loan ratio is targeted to remain below 3%, and a significant reduction in funding costs is anticipated, driven by expected interest rate cuts. Overall, the outlook appears promising as the bank capitalizes on its Turkish lira-denominated asset structure.

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Management

Mr. Malek Khodr Temsah
GM & Director
No Bio Available
Mr. Umut Çakmak
Assistant General Manager of Finance & Human Assets
No Bio Available
Mr. Muzaffer Colmek
Assistant General Manager of Operations
No Bio Available
Mr. Seyfullah Demirlek
Investor Relations Manager
No Bio Available
Mr. Ahmet Koç
President of Legislation & Compliance
No Bio Available
Mr. Mehmet Emin Çonkar
Assistant General Manager of Credit Monitoring & Legal Follow-up
No Bio Available
Mr. Turgut Simitcioglu
Chief Assistant General Manager
No Bio Available
Mr. Erdal Sezer
Acting Head of Risk Management
No Bio Available
Mr. Muhammet Faruk Torlak
Assistant General Manager of Credits
No Bio Available
Mr. Ahmet Faruk Degirmenci
Head of Internal Control
No Bio Available

Contacts

Address
Istanbul
Saray Mah. Dr. Adnan Buyukdeniz Cad. No : 6 Umraniye
Contacts
+902166660101
www.albaraka.com.tr