Kuveyt Türk Katılım Bankası closed the first half of 2017 with a net profit to 349 million TL with an increase by 35,9 percent compared to the same period in 2016. Kuveyt Turk’s total assets and shareholders equity have reached 52 billion TL and 4,3 billion TL, respectively. The size of the funds collected during the first six months has reached 36,4 billion TL increasing by 14,2 percent compared to the end of 2016 while the funds made available has reached 13,3 billion TL increasing by 13,3 percent.
Kuveyt Türk disclosed its financial results for the first half of 2017. Kuveyt Türk has achieved a net profit to 349 million TL with an increase by 35,9 percent in the first half of the year as compared to the same period in the previous year. Pioneering the sector with banking, financing and investment products customized for differing needs and expectations of its customers, Kuveyt Türk has reached a fund size of 36,4 billion TL increasing by 14,2 percent compared to the end of 2016. On the other hand, the fund size made available by the bank is 33,9 billion TL with an increase of 13,3 percent. Kuveyt Turk’s total assets and shareholders equity have reached 52 billion TL and 4,3 billion TL, respectively.
“We continuously improve our services and processes”
Mr. Ufuk UYAN, Kuveyt Türk’s General Manager
said in a statement made with respect to the first half data: “We continue our growth by increasing our net profit by 35,9 percent during the first half of 2017. In line with our interest-free banking principle, we are working to offer a customer experience diversified especially in digital channels following our understanding of technology-oriented and innovative banking. We are further improving our products, services and processes in terms of leasing, project financing and foreign trade financing for our SME and commercial clients
“Now we offer more support for our SMEs”
Emphasizing that they pay more attention to the loans secured by Loan Guarantee Fund (KGF), an instrument that plays a key role in a vivid economic life, Mr. Uyan told that they had continued to support SMES by efficiently utilizing the KGF mechanism in the first half of the year. Mr. Uyan went on to say: “In the rest of the year, too, we will continue promoting the efficiency focus through operational centralization, digitalization, automated processes and decision support systems. Despite the global conjuncture with ongoing uncertainty, we believe that we will see the year 2017 as a year when we have strengthened our position in the sector and continue providing added value to the market.