HALKBANK 2Q18 - in line
Halkbank reported TL1,113mn unconsolidated net income in 2Q18, in line… Halkbank reported TL1,113mn unconsolidated net income in 2Q18, which is exactly in line with BGCe of TL1,133mn when adjusted for the small TL20mn free provisions and 3% above consensus estimate of TL1,082mn. As such, earnings increased by 10% y/y while 2Q18 ROAE is realised as 16.3%.Turkiye Halk Bankasi (Halkbank) is a banking and financial services company based in Turkey. Co. offers corporate and commercial banking products and services to a range of customers, from individuals to large corporations. Co.'s operations include: consumer and retail banking, consumer loans, credit and debit cards, deposit and overdraft accounts, payroll services, corporate and commercial banking, budget loans, credit line facilities, cash management, investment banking, brokerage, factoring, leasing and insurance services, and tradesmen/SME banking. As of Dec 31 2011, Co. operates 771 branches and had total assets of TL92,160,657,000.
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
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