Turkiye Garanti Bankasi A.S. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 29, 2021 at 08:41 pm IST
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Turkiye Garanti Bankasi A.S. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced net income was TRY 2,865.084 million compared to TRY 1,632.338 million a year ago. Basic earnings per share from continuing operations was TRY 0.00682 compared to TRY 0.00389 a year ago. For the half year, net income was TRY 5,377.770 million compared to TRY 3,295.112 million a year ago. Basic earnings per share from continuing operations was TRY 0.0128 compared to TRY 0.00785 a year ago.
Turkiye Garanti Bankasi AS is a Turkey-based banking institution. It operates under the following business segments: Retail Banking, Corporate/Commercial Banking and Investment Banking. The banking products served to customers are: custody services, time and demand deposits, accumulating deposit accounts, repos, overdraft facilities, spot loans, foreign currency indexed loans, consumer loans, automobile and housing loans, working capital loans, discounted bills, gold loans, foreign currency loans, Eximbank loans, pre-export loans, Export Credit Agency (ECA) covered financing, letters of guarantee, letters of credit, export factoring, acceptance credits, draft facilities, forfeiting, leasing, insurance, forward, futures, salary payments, investment account (ELMA), cheques, safety boxes, bill payments, tax collections and payment orders. The Bank provides service packages to its corporate, commercial and retail customers including deposit, loans, leasing and factoring, among others.