Burgan Bank announced its financial results for the end of 2023.
The Bank realized a net profit of TL 2.6 billion at the end of 2023.
With consolidated assets of TL 89.8 billion, Burgan Bank’s loan support to the economy as of December 31, 2023 amounted to TL 67.4 billion, of which TL 52.7 billion was in cash.
Burgan Bank’s total consolidated deposits amounted to TL 40.6 billion.
The bank’s capital adequacy ratio was realized at 22.4 percent, while the consolidated capital adequacy ratio was 20.5 percent.
Murat Dinç: “We succeeded in delivering the profitable and easy banking we promised.”
Murat Dinç, General Manager of Burgan Bank, said, “Thanks to the strong collaborations we have realized with different sectors from retail to automotive, we have succeeded in offering the profitable and easy banking we promised. We are also expanding our product range in consumer finance with our increasing dealer credit network in many sectors. Thanks to our strong alternative distribution sales channels, we grew our loan products by 131 percent in this period compared to the end of 2022. As Digital Banking, we achieved a very good development by increasing our deposit volume by 87 percent thanks to our competitive products. We will continue to make a sound with new digital services and business models that we will realize in the coming period.”