Emlak Katılım's profit for the first half of the year reached 3.01 billion Turkish Liras

Bank Emlak Katılım announced its financial results for the first six months, according to an announcement that provided information on the bank's net profit of 3.01 billion Turkish Liras ($351.2 million) for the first half of 2023, continuing to grow, achieving its targets and offering unique products.

The bank's assets totaled 128.4 billion Turkish Liras ($15 billion) for the first half of 2023, marking a 28% year-on-year increase and 115.6% year-on-year growth.

By the end of June this year, cash financing amounted to 52.6 billion Turkish liras ($6.15 billion), which means an increase of 18.9 percent compared to the end of last year, while non-cash''financing rose 35% to 14.1 billion Turkish liras ($1.65 billion).

The bank thus contributed 66.8 billion Turkish liras ($7.8 billion) to the country's economy.

The number of the bank's employees reached 1,386 in the second quarter and the number of branches increased to 97.

Emlak Katılım continues to be a leading bank offering innovative products and services such as 'Project Fund with Preferred Projects', 'Profitable Quarterly Account', 'Sukuk Issue linked to Revenue Participation Service', 'Sukuk Issue linked to''with Partnership and Risk Sharing', 'Green Sukuk Issuance', 'Sukuk Issuance linked to Firm Work Contract' and 'Participatory Accounting System'.

Being in the banking sector since its establishment, Emlak Katılım continues to develop and expand its services by continuously expanding its network using efficient digital channels and diversifying its innovative products and services according to its mission, contributing to the economy and employment.