According to the consolidated figures of Alternative Bank in the first quarter of 2022, total assets reached TL 54 billion with an increase of 7% compared to the end of 2021. During this period, the Bank’s support to the The country’s economy in cash (including leasing receivables) and non-monetary loans reached 46 billion Turkish liras, an increase of 10% compared to the end of last year. By increasing its deposit volume to TL 28.1 billion, the bank continued to improve the quality of its assets as well as the growth of its balance sheet. It thus posted a remarkable performance, bringing the NPL ratio, below the sector average, to 2.4% in the first quarter. The Bank’s capital adequacy ratio for this period was 23.43%. With its successful performance in the first quarter of 2022, Alternative Bank’s consolidated net profit for the period was TL 132 million.
“WE CONTINUE TO IMPROVE OUR ACTIVE QUALITY BY IMPROVING OUR BALANCE SHEET WITH OUR Cautious attitude”
Assessing the financial results for the first quarter of 2022, Alternative Bank’s Managing Director, Kaan Gür, said: “As we celebrate Alternative Bank’s 30th anniversary in the Turkish banking industry this year, we are pleased to take steps strong towards the long-term goals we have. fixed for our Bank. We successfully navigated the first quarter of 2022, as macroeconomic uncertainties persisted, increasing the value we create for our customers, our stakeholders and the economy through our prudent banking approach. As we grew our balance sheet, we were able to further improve the quality of our assets. However, we showed a significant improvement of 33% in the volume of Turkish lira deposits. While this successful image positively impacts our healthy growth and profitability, it also enables us to contribute more to our customers, our stakeholders and the economy.
“THE INVESTMENTS WE MAKE IN DIGITAL ARE BACK AS ACQUISITION OF NEW CUSTOMERS”
Underlining the importance of the investments made in Retail and Digital Banking in the performance of Alternative Bank, Kaan Gür continued:
Retail banking is a growth area for us that we aim to stand out as the bank that best combines digital and human. In fact, we see the result of our systematic investments in technology and customer analytics as customer expansion. base and an increase in the volume of deposits. While we won 36% of our customers thanks to digital in 2021, we took a big leap in March 2022 and increased the share of digital to 55%. The share of our customers won through video calls in the total share of digital acquisition was 66%. We supported the momentum brought by our digital channels with the studies on the VOV account and the currency-protected TL term deposit account. The deposit volume of the VOV account, which provides benefits to our individual customers, increased almost 3 times in the first quarter of the year, reaching its highest level ever. In addition, we have become one of the leading banks to have opened the TL Currency Protected Term Account product through the digital channel in our country, and we have also introduced our customers to the difference of Alternative Bank in this domain.
“WE DEPEND ON OUR CUSTOMERS WITH AN ECOSYSTEM APPROACH”
Referring to the issue of the banking ecosystem, which Alternatif Bank has been focusing on recently, Managing Director Kaan Gür said: “Another area that we hear about more and more frequently in the banking sector and on which we , as an Alternative Bank, we focus, presents itself as an “ecosystem bank”. It is part of our strategic priorities to provide end-to-end designed holistic services to our customers and their value chains by developing our products and services in digital channels, creating business partnerships. The fact that the applications we have implemented in this direction are crowned with prestigious awards gives us particular pride. Our bank has been deemed worthy of an award in “IDC Turkey Finance Technology Awards”, one of the most prominent organizations in this field, with its “Ecosystem Banking” project. With the Ecosystem Banking project, we aim to provide our customers with efficient and advantageous solutions in credit and pricing processes, based on mutually created added value.”