Turkiye Is Bankasi AS: Robust Growth in Net Profit and Total Assets in 2024

Turkiye Is Bankasi A.S. (ISCTR) reported strong financial results for 2024, with a significant increase in net profit and total assets, reflecting the bank's robust performance and growth strategies. The bank's net profit reached ₺45.5 billion ($1.25 billion), marking a 35.5% increase in total assets to ₺3.3 trillion, solidifying its position as Türkiye's largest private bank.

The bank's equity grew by 18.9% year-over-year, reaching ₺318.3 billion, while its capital adequacy ratio stood at 19.7%, reflecting a strong capital structure. By the end of 2024, Is Bank's total loans to the economy reached ₺2.3 trillion, including ₺1.7 trillion in cash loans and ₺582.7 billion in non-cash loans. The bank's extensive distribution network, digital service points, and diverse product offerings contributed to an increase in total deposit volume to ₺2.1 trillion.



Is Bank's strong financial performance can be attributed to several factors, including increased lending, deposit volume, successful international bond issuance, and sustainability-linked syndicated loans. In early 2025, the bank completed its first international bond issuance of the year, raising $500 million from investors. This issuance helped strengthen the bank's capital base and contributed to its asset growth. Additionally, in November 2024, Is Bank secured a $1.1 billion sustainability-linked syndicated loan, demonstrating the bank's ability to secure funding at favorable terms.

Is Bank's robust growth in net profit and total assets positions it favorably against other regional banks, providing a solid foundation for future growth and stability. The bank's strong capital base enables it to absorb unexpected losses, support lending activities, attract investors, and enhance its ability to raise funds. As the bank enters its second century, it is well-positioned to continue serving its country and proving that it is more than just a financial institution.

In conclusion, Turkiye Is Bankasi A.S. (ISCTR) demonstrated impressive growth in net profit and total assets in 2024, driven by increased lending, deposit volume, successful international bond issuance, and sustainability-linked syndicated loans. The bank's strong financial position and growth strategies position it favorably against other regional banks, ensuring future growth and stability.