TSKB's net profit for the first 9 months attracted attention with 9.3 billion lira.

Turkish Industrial Development Bank (TSKB) has shared its financial results for the first nine months of 2023 with the public. The bank stood out with a net profit of 9.3 billion lira during this period. This figure raised the bank's return on equity to 31.2 percent. The performance achieved in the first nine months showcases the effectiveness of its corporate governance and strategies.

According to its non-consolidated financial statements, TSKB’s total assets grew by 32 percent compared to the previous year, reaching 305.5 billion lira. This situation is regarded as a result of the bank's strong financial structure and the growth strategies it has implemented in line with its digital transformation goals.

The long-term cash financing support provided by the bank to the Turkish economy has also reached a significant size, totaling 1.5 billion dollars. TSKB has successfully expanded its loan portfolio, achieving a total of 217.9 billion lira with a 5.6 percent growth shown on a currency-adjusted basis. This growth illustrates how effective the bank's risk management and sectoral lending strategies are.

As the last quarter of the year approaches, TSKB's commitment to maintaining financial growth targets and stability has become an important trust element for investors and market players. The successes achieved by the bank during this period create momentum that supports its future growth potential.