Pioneering participation bank in Turkey, Kuveyt Türk maintains its stable growth. Kuveyt Türk Participation Bank closed the third quarter of 2017 with a net profit to 555 million TL with an increase by 26 percent compared to the same period in 2016. Kuveyt Turk’s total assets and shareholders equity have reached 54,6 billion TL and 4,5 billion TL, respectively.
Kuveyt Türk Participation Bank continues its growth by further enhancing its profitability also in the third quarter of 2017. Releasing its financial results related to the third quarter of 2017, the bank has reached a net profit of 555 million TL with an increase by 26 percent compared to the same period last year. Pioneering the sector with the innovative products and services developed by Kuveyt Türk, it has reached a fund size of 38 billion TL increasing by 19,2 percent compared to the end of 2016. On the other hand, the fund size made available by the bank is 36,9 billion TL with an increase of 23,1 percent. Kuveyt Turk’s total assets and shareholders equity have reached 54,6 billion TL and 4,5 billion TL, respectively.
Mr. Ufuk Uyan, the CEO of Kuveyt Türk was quoted as saying: “We, as Kuveyt Türk, have been diversifying and extending the scope of offered services without compromising the participation banking principles, service quality and robust banking understanding since the first day of our Bank. While enlarging the physical network of branch offices, we are also diversifying the digital banking services. Just like we have pioneered the interest-free digital banking market with our ‘Your Bank Digital Banking’, we have introduced our XTM concept, handy as much as an ATM and rich as much as a branch office, where our customers to make video call to the call center operators and perform their transactions easily and quickly. We are enhancing our efficiency focus through operational excellence, digitalization, automated processes and decision support systems.”
We have channeled 12.6 thousand tons of so-called home-kept gold to the real economy
Mr. Ufuk Uyan, the CEO of Kuveyt Türk, commented “We, as Kuveyt Türk, developing and introducing innovative products and solutions which satisfy changing financial needs of the society and which excel the customer experience. With our products including Gold Days, Gold Participation Account, Quarter Gold Coin Account, Gold Vending Machine, we have pioneered the Turkish banking sector and we have channeled around 12.6 tons of so-called home-kept gold to the real economy. We are the first bank to introduce gold coin vending machine and now we are making our preparations in order to launch Gold EFT. That system planned to be put into service later this year will ensure electronic gold transfer.”
Stating that Kuveyt Türk has achieved a good growth trendi Mr. Ufuk Uyan was quoted as saying: "Our bank with a presence of more than a quarter century is aiming at adding value to the country's economy, our customers and employees in any activities of us. Just like in any quarter, we have achieved successful results also in this quarter strengthening our pioneering position in the participation banking sector and in overall banking sector.”