BGC Partners - Turkiye Sinai Kalkinma Bankasi AS (TSKB) TSKB - 2Q18 broadly in line

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BGC Partners

Cagdas Dogan

EUR 103.56 For Business Accounts Only

TSKB - 2Q18 broadly in line

TSKB reported 2Q18 unconsolidated net profit of TL166mn, broadly in line with the TL160mn consensus estimate and BGCe of TL161mn. In summary, we observe that a stronger-than-expected NIM performance was partially offset by a sizeable one-off NPL inflow.

30/07/2018 4 EN

Underlying

Turkiye Sinai Kalkinma Bankasi AS

Turkiye Sinai Kalkinma Bankasi is a private development and investment bank. Co. provides its clients with an array of products and services in the corporate banking, investment banking and advisory business lines. Co. serves its corporate clients in investment banking through solution oriented treasury products in addition to corporate finance activities such as mergers, public offerings and bond issuances. Co. mainly operates in investment and corporate banking segments. As of Dec 31 2014, Co. had total assets of TL6.23 billion.

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TRATSKBW91N0 Istanbul Stock Exchange Turkey

Provider

BGC Partners

BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.

We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:

Mergers & Acquisitions
Equity Capital Markets
Debt Finance & Advisory

See profile

Analysts

Cagdas Dogan

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TSKB - 2Q18 broadly in line

EM Credit Spark/EM credit weekly

Turkiye Sinai Kalkinma Bankasi A.S.: Update following rating upgrade, outlook remains positive

Turkish bank sector update: Pick and mix

BGC Partners: TURKEY - Central Government Budget continued to improve in February

BGC Partners: TURKEY - CBT Expectation Survey: No major change in inflation forecasts and a 50bps rate cut expectation from the CBT next week...

BGC Partners: TURKEY - Retail sales volume maintained a strong trend in January

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