General Manager Message

Distinguished Stakeholders,

As DenizBank, we stand among the leading finance institutions in Türkiye, all thanks to our strong capital structure, disciplined balance sheet management, agile organization, powerful subsidiary ecosystem and qualified human resources. While we continue with our long-term and profitable growth, we keep improving the service model that we offer to our customers and resolutely contribute to fields that will support our country’s competitive edge through its production capacity.

This approach has greatly translated to our financial results. Currently, our total consolidated customer deposits reached 1,529 Billion TL, while our total assets reached 2,447 Billion TL. We have maintained our stable performance with 35 Billion TL net profit. Our cash loan volume stood at 1,380 Billion TL, while our total cash and non-cash loan volume reached 1,816 Billion TL, with our equity standing at 249 Billion TL. The results that we have achieved indicate that we continue to grow on a solid and balanced foundation.

We continue to utilize our scale in a way to contribute to the production and investment capacity of the Turkish economy. Starting from agricultural banking - which we lead among private banks - to SMEs, from entrepreneurial ecosystem to corporate banking, we support different areas of the economy with our strong financing structure. We strengthen our long-term funding diversity thanks to collaborations with international finance institutions and extend the resources to investments that will boost Türkiye’s competitive edge.

We continue to expand our scale and customer base with our customer-oriented strategy and turn sustainable growth into a permanent approach. While demonstrating a balanced performance in all segments, we strengthen our position as house bank and work to create mutual value.

One of the most important components of our strategy is to deepen the relationship that we established with our customers. We consider our technology investments as one of the most substantial leverages of such approach. While strengthening our decision-making mechanisms through our capabilities in artificial intelligence and data analytics, we ensure that our operations become more agile and efficient with applications that make our processes leaner. Our achievements translate to our customers as a faster, more secure and more personalized banking experience.

Sustainability sits at the core of our business model as an integral part of our mindset of creating long-term value. We continue to finance projects that have high environmental and social impact and encourage transition to low-carbon economy. The protection of water resources is among our priority areas of focus for the days to come. The fact that Türkiye is among countries experiencing water stress and that majority of freshwater sources are used in agricultural production gives us a greater responsibility in this area. Together with our customers and stakeholders, we aim to contribute to the widespread adoption of practices that increase water efficiency in agriculture.

We make important investments for the accessibility of culture and arts, which we believe to be one of the most powerful vehicles for elevating the society. Being one of the main supporters of the Presidential Symphony Orchestra as well as Istanbul, Izmir, Çukurova and Antalya State Symphony Orchestras and the State Polyphonic Choir, we work to ensure that arts and culture becomes more inclusive for individuals with physical or neurodevelopmental conditions with Accessible Art Partnership that we initiated with Istanbul Foundation for Culture and Arts. Furthermore, we support children and young people engaging with different disciplines of art at an early age through DenizBank International Children and Youth Art Biennial. Our approach to build social value is not limited to culture and arts. We believe that it is highly important to provide long-term and permanent contribution in different areas from development of sports to protection of cultural heritage and archaeological values.

The global financial power and experience of our shareholder Emirates NBD as well as their confidence in Türkiye is considered one of the most substantial foundations of our growth journey. The unwavering support we receive from our shareholder helps us carry our strategic targets to the future and reinforce our standing in international markets.

In accordance with our vision to make DenizBank one of the largest and strongest banks in Türkiye, we will continue to build more value for our shareholder, customers, country and all stakeholders with great determination, without compromising our approach to sustainable and profitable growth.

Sincerely,
Recep Baştuğ

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