Kuveyt Türk Participation Bank closed the first quarter of 2017 with a net profit to TL 152 million with an increase by 21,3 percent compared to the same period of previous year. Kuveyt Turk’s total assets and shareholders equity have reached 49,5 billion and 4,1 billion TL, respectively. During the same period, collected fund size has reached 34,3 billion TL with an increase by 7.4 percent, compared to 2016 year-end, while the funds made available has reached 31,9 billion TL with an increase by 6.3 percent, compared to 2016 year-end.
Kuveyt Türk Participation Bank closed the first quarter of 2017 with a net profit to TL 152 million with an increase by 21,3 percent
compared to the same period of previous year. Maintaining its pioneering role also in 2017 with its 338 branch office manned by 5 thousand 560 personnel throughout Turkey and its innovative efforts through digital distribution channels, in the first quarter of the year, compared to 2016 year-end, Kuveyt Türk’s collected fund size reached 34,3 billion TL with an increase by 7.4 and the fund made available risen to 31,9 billion TL with an increase by 6.3 percent.
Mr. Ufuk UYAN, Kuveyt Türk CEO
stated: “We have achieved our targets by increasing our net profit by 21,3 percent during the first quarter of 2017
. We help our country’s economy grow further by contributing to the real economy and we perform important works in an effort to develop interest-free finance instruments. We continue our efforts uninterruptedly to offer services and solutions best suiting for the needs of our clients”.
Commenting also on their targets for 2017, Mr. Uyan
expressed: “We continue promoting the efficiency through operational centralization, digitalization, automated processes and decision support systems. Offering a diversified client experience over digital channels by developing technological and innovative products and services is one of the most important targets this year, too. By improving our products, services and process in the field of credit guarantee fund, leasing, project financing and foreign trade financing for our SME and commercial clients, we will also develop our penetration in these fields.”