Earnings Report /
Turkey

Akbank: Better than expected

  • Akbank posted 2Q21 NI of TL2,106mn (+4% q/q and 33% y/y), 9% higher than our and 6% higher than consensus estimate

  • TL loans are up 3.8% q/q in 2Q21, while FX loan volumes declined by 2.5%

  • NPL ratio declined to 5.5% in 2Q21 from 5.8% in 1Q21

Batuhan Ozsahin
ATA Invest
29 July 2021
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