According to the statement made by the bank, TEB announced its financial results for the third quarter of 2024. As of September 30, TEB’s total assets were 568 billion liras, while its net profit was 8 billion 86 million liras. TEB’s loans, which are the most important indicator of the support it provides to the economy and its customers, constituted 56.1 percent of its total assets.
While TEB’s total loans were at 319 billion lira in the third quarter of the year, its total deposits were 385 billion lira in the same period. Providing stable growth with its strong capital structure and maintaining its profitability in a sustainable manner in 2024, TEB’s equity capital was 41.7 billion liras, and its capital adequacy ratio was 17.36 percent, above the target ratio of 12 percent.
The bank issued bonds worth $300 million in international capital markets. TEB’s Basel III compliant additional capital bond issuance received a demand of 1.1 billion dollars, more than three times the issue amount. This issuance was TEB’s third borrowing transaction in the international capital markets, following the bond issuance of 400 million dollars in January and the bond issuance of 100 million euros with the International Finance Corporation (IFC) in May.
20 million euro “Green Loan” agreement
In the third quarter of the year, the bank continued to provide the financial support its customers needed for their sustainability projects and investments. He mediated the non-cash transaction completed within the scope of the 20 million euro “Green Loan” agreement of Borusan Automotive Group for electric vehicles.
TEB continued to develop CEPTETEB Mobile so that its customers can perform their banking transactions faster and more practically. In the renewed application, users are given the option to create a digital account book according to certain date ranges at any time, submit objections regarding card expenses, and view objections created through other channels.
Thanks to the Request Payment function, customers were given the opportunity to accept or reject the requests sent to them, as well as requesting payment from other banks or CEPTETEB users.
With the improvements made in CEPTETEB İŞTE, which was designed specifically for the needs of its commercial customers, the Bank has a renewed menu design with smart search feature, insurance renewal preference, automatic bill payment order update, digital wallet, money transfer with QR code, balance change notification from other registered bank accounts, transfer to other banks. Services such as IBAN verification were implemented on the money transfer and payment request screens of the company.
Observing and applying for letters of guarantee, creating users with ID cards for sole proprietorships, and tracking transaction details of POS devices belonging to other banks were also put into operation. SMEs and tradesmen with real commercial status who are not customers have also started to benefit from all products and services as customers via CEPTETEB İŞTE via video call.
TEB continued its efforts towards its goal of supporting more than 200 startups every year through Startup Banking. Within the scope of TİM-TEB Startup House-InoSuit Startup to Corporate (S2C) meetings, Startup House entrepreneurs and exporting corporate companies in the Inosuit program came together.
Source: www.dunya.com
