Dear Shareholders and Board Members,
QNB Finansbank continued to contribute to Turkish economy through corporate loans, project finance and SME loans in the first 9 months of 2018.
As of 30 September 2018, the Bank’s total assets grew by 44 percent compared to year-end results, reaching TRY 180 billion 876 million; performing loans by 25 percent reaching TRY 101 billion 955 million; and net customer deposits by 33 percent reaching TRY 86 billion 575 million. On the other hand, net profit for the 9-month period realized as TRY 1 billion 749 million.
The net interest income for the first nine months of 2018 increased by 30 percent compared to the same period of the previous year and reached TRY 5 billion 414 million, the net fee and commission income increased by 20 percent and reached TRY 1 billion 491 million. Compared to the end of the previous year, total equities increased by 15 percent and amounted to TRY 14 billion, and as of September 30, 2018, our capital adequacy ratio realized as 16.0 percent.
In the first 9 months of 2018, we diversified our funding resources on the deposits’ side and reached strong investor segments in each sector.
In 2018, with our financiers we continue to work with the goal of transforming this success that we have achieved in the banking sector into social contribution. This year, we will again continue to contribute to children in many areas with our ”Small Hands Big dreams” corporate social responsibility platform. Together with our volunteering financiers, we will execute new projects that support children’s and youth’s creativity and analytical thinking in the upcoming period. Our “Tiny Fingers Coding Future” project, which is run in collaboration with Microsoft Turkey and Habitat Foundation, is ongoing at full speed, where we provide children with coding courses. Our aim is to reach 20 thousand children.
We are initiating yet another project that supports analytical thinking. We will convey a crucial service to our children, enabling them to learn math by experiencing it, with “Tales Math Museum and QNB Finansbank Tales Math Museum Mobile Truck”. The Truck will tour across Anatolia with a total of 34 modules and five different workshops, where students will rediscover this area of science with math and geometry workshops.
I would like to thank our financiers, clients, all strategic business partners and correspondent banks who reinforce our strength as we achieve our goals.
Did the information on this page help you?