Ziraat Bank Financial and Sustainability Overview
Ziraat Bank Income Statement Summary
% Chg
% Chg
TL mn
2020
2021
2022
Q2 22
Q1 23
Q2 23
QoQ
YOY
INTEREST INCOME
-From Loans
-From Securities
69,476
101,998
220,630
50,466
58,295
73,647
26.3
45.9
52,330
72,794
121,726
27,909
39,005
49,026
25.7
75.7
16,696
27,440
95,410
22,266
17,631
23,802
35.0
6.9
INTEREST EXPENSE
34,862
62,230
99,147
21,070
38,724
57,525
48.6
173.0
-On Deposits
22,812
41,199
73,694
15,848
30,487
45,012
47.6
184.0
NET INTEREST INCOME
34,615
39,768
121,483
29,397
19,571
16,122
-17.6
-45.2
NET FEES & COMMISSIONS
3,093
5,451
13,124
3,118
5,412
6,793
25.5
117.9
OTHER OPERATING INCOME
5,182
4,444
7,736
2,155
21,171
4,122
-80.5
91.3
EXPECTED CREDIT LOSS
10,691
14,956
29,545
3,716
2,408
10,317
328.4
177.6
-Stage 1 Provisions
1,340
199
9,798
796
1,281
2,357
84,0
196.1
-Stage 2 Provisions
5,505
9,861
15,326
2,042
418
5,439
NM
166.4
-Stage 3 Provisions
3,846
4,896
4,421
878
710
2,520
254.9
187.0
OTHER PROVISION EXPENSES
2,648
374
28,794
12,404
126
1,354
NM
-89.1
OPEX(1)
12,092
14,513
24,936
5,134
35,409
14,300
-59.6
178.5
NET OPERATING PROFIT
10,834
8,913
61,251
13,330
8,033
21,349
165.8
60.2
NET PROFIT
7,825
6,291
41,092
9,450
6,546
19,195
193.2
103.1
(1) OPEX includes personnel expenses and other provision expenses
Source: Unconsolidated Financial Statements
NM: Not meaningful
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