Report
Sinan Goksen

Turkey Morning Call - October 26, 2017

> Market comment
> Akbank 3Q17 review: Core operating profitability intact
> TSKB 3Q17 review: Earnings beat on loan growth and interest income
> Anadolu Hayat 3Q17 results: Good top line but a miss on bottom line
> Vestel White Goods 3Q17 review: Margins disappoint
> Turkcell 3Q17 results: Operating performance clearly beats estimates
Underlying
Akbank TAS

Akbank is a commercial bank. Co. operates in five segments: Retail banking offers a range of retail services, such as deposit accounts, loans, credit cards, insurance products and asset management services; Corporate and Small and Medium Size Enterprises banking provides financial solutions and banking services; Treasury Activities conducts regional and foreign currency spot and forward transactions, bonds and other domestic securities; Private banking offers banking and investment transactions for upper-income groups and the International banking provides services for foreign trade financing and Turkish Lira clearances, and money transfers through agent financial institutions.

Provider
Sberbank
Sberbank

​Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.

Analysts
Sinan Goksen

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