Albaraka Turk Katilim Bankasi AS
IST:ALBRK.E

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Albaraka Turk Katilim Bankasi AS Logo
Albaraka Turk Katilim Bankasi AS
IST:ALBRK.E
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Price: 8.13 TRY -0.37% Market Closed
Market Cap: 20.3B TRY

Albaraka Turk Katilim Bankasi AS
Investor Relations

Albaraka Türk Katilim Bankasi AS engages in the provision of financial and banking services. The firm provides a range of banking and financial services include Retail banking, which offers personal financing, credit cards, bank cards and other banking services, and Commercial/Corporate banking, which includes credits, cash management, foreign trade, business card and insurance services, as well as current and participation accounts. The Bank operates through a network of 122 domestic branches. In addition, the Bank operates as an insurance agency on behalf of Isik Sigorta, Anadolu Sigorta, Gunes Sigorta, Allianz, Aviva Sigorta, Neova Sigorta, Zurich Sigorta, Ankara Sigorta, Avivasa Emeklilik ve Hayat and Generali Sigorta. Albaraka Turk is a part of Albaraka Banking Group of Saudi Arabia.

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ALBRK.E
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Last Earnings Call
Fiscal Period
Q4 2023
Call Date
Feb 19, 2024
AI Summary
Q4 2023

Profit Surge: Albaraka Turk's net profit soared 151% year-over-year, reaching TRY 3.4 billion for 2023.

Asset Quality: NPL ratio improved to 1.7%, down from 1.9% in 2022, with a high coverage ratio of 95.2%.

Strong Returns: Return on equity increased to 33.2%, and return on assets rose to 1.9%.

Operational Income: Total operational income grew by almost 67% year-over-year.

Provision Buffer: Free provisions reached TRY 5.2 billion at year-end, with TRY 3.4 billion set aside in 2023.

Guidance Timing: 2024 guidance will be shared at the Analyst Meeting on February 28, with margins expected to remain in line with 2023.

Deleveraging FX: Share of FX protected deposits fell from 35% to 28% during 2023, supporting Turkish lira growth.

Key Financials
Net Profit
TRY 3.4 billion
Return on Equity
33.2%
Return on Assets
1.9%
NPL Ratio
1.7%
Stage 3 Provisioning Ratio
95.2%
Free Provisions
TRY 5.2 billion
Share of FX Protected Deposits
28% at end-2023
Capital Adequacy Ratio
17.3%
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Management

Mr. Malek Khodr Temsah
GM & Director
No Bio Available
Mr. Umut Çakmak
Assistant General Manager of Finance & Human Assets
No Bio Available
Mr. Muzaffer Colmek
Assistant General Manager of Operations
No Bio Available
Mr. Seyfullah Demirlek
Investor Relations Manager
No Bio Available
Mr. Ahmet Koç
President of Legislation & Compliance
No Bio Available
Mr. Mehmet Emin Çonkar
Assistant General Manager of Credit Monitoring & Legal Follow-up
No Bio Available
Mr. Turgut Simitcioglu
Chief Assistant General Manager
No Bio Available
Mr. Erdal Sezer
Acting Head of Risk Management
No Bio Available
Mr. Muhammet Faruk Torlak
Assistant General Manager of Credits
No Bio Available
Mr. Ahmet Faruk Degirmenci
Head of Internal Control
No Bio Available

Contacts

Address
Istanbul
Saray Mah. Dr. Adnan Buyukdeniz Cad. No : 6 Umraniye
Contacts
+902166660101
www.albaraka.com.tr
sparklesyt

See Also

Summary
ALBRK.E intrinsic value, competitors valuation, and company profile.
DCF Valuation
ALBRK.E stock valuation using Discount Cash Flow valuation method.
Relative Valuation
ALBRK.E stock valuation using valuation multiples.
Wall Street Estimates
ALBRK.E price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
ALBRK.E stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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