Dear Shareholders and Members of the Board;
Although we entered the year 2021 with ongoing uncertainties, the developments in the COVID-19 vaccine have raised our hopes going forward. On the back of the recovery in the economic activity, we sustained our steady growth trend in the first quarter of 2021 as well.
As of 31 March 2021, the total assets of QNB Finansbank reached TL 249 billion 727 million, increasing by 10 percent, compared to the end of 2020, while net loans rose by 6 percent to TL 147 billion 58 million and customer deposits increased by 15 percent to TL 144 billion 861 million in the same period. The bank's net profit in the first quarter of 2021 realized at TL 697 million. As of 31 March 2021, total shareholders' equity reached TL 19 billion 601 million with a two-percent rise compared to the end of 2020.
QNB Finansbank was the first bank to take measures to protect both its employees and customers from the outbreak of COVID-19 in 2020. Moreover, we have put in maximum sustained effort to support by the healthcare industry needs, to support the real sector and accordingly to contribute to the economy.
Once again, we prioritized the health of our employees and customers in the first quarter of 2021, and further accelerated our efforts aimed at economic growth and recovery of the real sector.
We accelerated our efforts through our banking activities with more digitalization, greater use of technology across all our units, and rapid generation of solutions, as well as business continuity loans, special packages for public servants, and new digital solutions SMEs.
At QNB Finansbank, we made a difference in 2020 with our digital investments and efforts. Our strength in this area now stands out both in corporate and consumer banking.
Alongside our banking operations, we surely maintain our unceasing support for children during the pandemic, and indeed by reaching even more children through our CSR projects taking full account of our responsibility arising from our scale and status in the sector.
"QNB Finansbank TALES Math Museum" has now become an online platform that all children in Turkey can access at no cost. Following the coding training that we pioneered in Turkey, we now conveyed our math support to the digital platform, as well.
Scratch Cup 2021, the coding competition that we co-organize with Habitat Association, was held online this year under the theme "Solution for the World's Problems". We have once again witnessed the children's awareness of technology and a more sustainable world. Over 1800 children and 673 teams applied for the competition. The final took place with the participation of 23 children from 10 teams.
I would like to thank our bankers, customers, and all our strategic business partners and correspondent banks, who reinforce our strength during these challenging period.