Ziraat Katılım, which started its activities in 2015 with the principle of “More as We Share,” carries out its activities with the aim of creating value for its customers and ensuring the efficient and sustainable growth of its customers by focusing on its customers with its strategy of increasing the share of participation banking in the sector.
In 2024, the total assets of Ziraat Katılım increased by 34% to reach TL 515.3 billion. Funds disbursed constitute the highest share, with 62% of total assets. At Ziraat Katılım Bank, cash loans increased by 22% compared to the previous year to reach TL 317.9 billion while non-cash loans increased by 49% compared to the previous year to stand at TL 116.4 billion. The Bank’s equity, on the other hand, increased by 13% to TL 22.4 billion.
In line with the goal of providing widespread and low-cost resources to contribute to the savings balance of the national economy, funds collected increased by 18% in 2024 in comparison with 2023 year-end and reached TL 357.7 billion. Share of funds collected in the balance sheet was 69%. Of the funds collected, 20% consists of private current accounts and 80% of participation accounts.
Ziraat Katılım closed the year 2024 with a profit of TL 3.5 billion with its principles of balanced growth sustainable financial performance and profitability. Profit share revenue at an amount of TL 90 billion is the most significant revenue item of the Bank. Profit share received from the funds disbursed is the largest item in profit share revenues. The Bank sustained its strong capital structure, high liquidity level, and funding capability in 2024. The capital adequacy ratio stood at 20.23% as of year-end 2024.
Integrated Annual Report of Ziraat Katılım Bank covers the period from January 1, 2024 to December 31, 2024.
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