As of December 31, 2023, QNB Finansbank’s total assets increased by 64 percent compared to the end of 2022 and reached TL 987 billion 817 million.
Ömür Tan, General Manager of QNB Finansbank, stated that in 2023, they continued to meet the funding needs of the real sector, especially in the earthquake region, and to support businesses with products and services that will revitalize the economy, and that they continued their activities within the framework of sustainability, contribution to children’s education and responsible banking principles.
Evaluating the year 2023, when we celebrate the 100th anniversary of the Republic of Turkey, Ömür Tan said. “We left behind a challenging year. The market conditions and developments that emerged with the election process following the earthquake disaster directly affected the banking sector. On the other hand, with the new economic management and stable policies, the positive decisions announced by international credit rating agencies and the decline in the country’s CDS premium, we left behind a year in which we regained confidence. The most noteworthy positive developments in the sector were the increase in medium and long-term predictability with the start of the interest rate hike process and the continued strong performance of asset quality. The sector’s strong capital adequacy ratios and robust balance sheet structure also make it resilient against potential risks. In 2024, as long as the current monetary policy and the complementary actions taken in parallel with it continue in the Turkish banking sector, we may see loan growth in line with inflation expectations.”
As of December 31, 2023, QNB Finansbank’s total assets increased by 64% compared to the end of 2022 and reached TL 987 billion 817 million. In the same period, net loans increased by 66 percent to TL 571 billion 44 million and customer deposits grew by 58 percent to TL 606 billion 466 million. The Bank’s net profit for 2023 amounted to TL 33 billion 172 million.