Ziraat Katılım’s balance sheet size reached TL 384.2 billion

Ziraat Katılım

Ziraat Katılım’s balance sheet size reached TL 384.2 billion as of the end of 2023.

In the statement made by the bank regarding the financial data for 2023, it was reported that Ziraat Katılım successfully completed 2023 by continuing its rapid growth with a healthy financial performance.

Ziraat Katılım General Manager Metin Özdemir stated that they meet the needs and expectations of their customers through the most accurate channel and by offering the most appropriate solutions, and emphasized that they continue to work in line with their vision of becoming an effective participation financial institution in the region and international markets.

Noting that Ziraat Katılım increased its total assets by 80 percent as of the end of 2023 compared to the previous year and reached a balance sheet size of 384.2 billion liras, Özdemir stated that the cash funds allocated by the bank increased by 80 percent and reached 261.7 billion liras.

Özdemir said, “Non-cash funds reached 78.3 billion liras with a growth of 73 percent and the support provided to our country’s economy amounted to 340 billion liras. In this process, our support for the financing of the real sector, especially SMEs, which are the lifeblood of our economy, continued to increase. As of the end of 2023, funds collected increased by 76 percent compared to the previous year and reached 304.3 billion TL.”

“Funds disbursed in 2023 continued to grow rapidly”

Metin Özdemir reported that as Ziraat Katılım, they have adopted a growth strategy that envisages maintaining and improving asset quality.

“The Bank’s allocation and fund utilization processes as well as its early warning and risk monitoring infrastructure are continuously developed in this direction.” Özdemir stated that the funds allocated in 2023 continued to grow rapidly in line with sustainable growth and customer-oriented strategies.

Özdemir said, “In this period when risk management policies were uncompromisingly implemented, the non-performing loans ratio remained well below the sector average at 0.8 percent and the capital adequacy ratio was realized as 15.10 percent.”

Noting that Ziraat Katılım successfully completed 33 lease certificate issuances last year, reaching a total of 17.1 billion liras, Özdemir informed that the Bank has realized 70.3 billion liras of issuances in different amounts from the date of its establishment until the end of 2023.

Source: Dunya

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