Earnings Report /
Turkey

Yapi Kredi: Stronger than expected results

  • Yapi Kredi reported 2Q21 net income (bank only) of TL2,233mn (+54% q/q and -68% y/y), 18% higher than our and cons. est.

  • Yapı Kredi shares are down 20% year-to-date compared to a 22% decline in the BIST banking index

  • Fees&Commission income has staged a strong come back, increasing 31% y/y in 1H21

Batuhan Ozsahin
ATA Invest
2 August 2021
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