ING Türkiye Announces 2023 First Quarter Financial Results

ING Turkey Announces First Quarter Financial Results
ING Türkiye Announces 2023 First Quarter Financial Results

​ING Turkey announced its consolidated financial results for the first quarter of 2023. With a capital adequacy ratio of 17.0% and total consolidated assets of 118.4 billion TL, ING Turkey provided resources to the economy with a total loan size of 74.6 billion TL, 85.2 billion TL of which was in cash. Alper Gökgöz, General Manager of ING Turkey, said, “Our country experienced a great disaster in the first quarter of the year. May God have mercy on those who lost their lives due to the earthquake disaster and losses we experienced, and I express my condolences to their relatives. As ING Turkey, we supported the region by mobilizing all our resources from the first moment of the earthquake. We established our Kahramanmaraş Operation and Call Center 10 years ago, believing in the human resource potential in the region. We will continue to work so that the region, which we have always had a strong presence in since that day, gets back on its feet even stronger than before. In this context, the global ING community has created a donation fund of more than 7.5 million Euros for social investments that we aim both to meet the immediate needs after the earthquake and to help the development of the region.”

ING Turkey, which develops banking products and services out of the box with its digital power and effortless banking approach, offers solutions to its customers in life, announced its consolidated financial results for the first quarter of 2023. In this period, ING Turkey's capital adequacy ratio was realized as 118.4%, with a total of 17.0 billion TL in consolidated assets, and its net profit for the period was 536.7 million TL. As of March 31, 2023, ING Turkey's total equity of 13.8 billion TL and total deposits reached 78.7 billion TL, the loan support provided to the economy amounted to 74.6 billion TL, 85.2 billion TL of which was in cash.