Garanti Bank reports first half net income of 508 million YTL – 61.1% year-on-year increase

p>Total assets increased by 28.3% as compared to YE 2005

Share of total securities in assets decreased to 27.7% in H1-2006, as compared to 30.1% in YE 2005

Performing TL loans were up by 40.6%; while FC loans were up by 37.3% in US$ terms over YE2005

Share of performing loans in total assets increased by 7.7 percentage points YTD, reaching 53.6% of assets in H1-2006

Share of consumer, credit cards and SME segments in gross cash loans were 44.7%

Total deposits increased by 19.1% YTD, whereas TL deposits were up by 21.3% during the same period.

Shareholders’ equity was almost flat compared to 2005 YE, YTL3,910 Billion

Garanti Bank reports first half net income of 508 million YTL – 61.1% year-on-year increase

 

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