Türkiye Halk Bankasi A.S. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 11:16 am EDT
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Türkiye Halk Bankasi A.S. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was TRY 5,814.23 million compared to TRY 12,784.17 million a year ago. Net income was TRY 1,602.31 million compared to TRY 2,232.66 million a year ago. Basic earnings per share from continuing operations was TRY 0.223015 compared to TRY 0.449306 a year ago.
For the six months, net interest income was TRY 22,584.07 million compared to TRY 22,180.77 million a year ago. Net income was TRY 6,311.83 million compared to TRY 4,467.03 million a year ago. Basic earnings per share from continuing operations was TRY 1.035523 compared to TRY 1.123357 a year ago.
Turkiye Halk Bankasi AS is a Turkey-based commercial bank. The Bankâs operating areas include, commercial financing and corporate banking, fund management operations, retail banking and credit card operations. It operates under the following segments: corporate, commercial, integrated and treasury/investment banking. The Bank is rendering services to a range of companies in all sectors, especially to Small and Medium Size Enterprises (SME) as well as individuals. Its services include: accepting deposits; issuance of cash, noncash loans; reimbursements and cash receipt operations, including cash and deposit reimbursements, fund transfers, correspondent banking transactions and use of checking accounts; purchasing cheques and bank bills; performing custody services; issuing payment instruments, such as credit cards, cash cards and travel cheques, and performing related transactions, as well as acting as a portfolio management agency, among others.