Turkish Isbank CEO sees serious decline in banks' profits

Turkiye Is Bankasi AS

08/05/2024 09:59

ISTANBUL, May 8 (Reuters) - Is Bank  ISCTR.IS  chief
executive Hakan Aran said on Wednesday that there was a serious
decline in banks' profits compared to the previous quarter and
that credit growth may be at a historically low level this year.
    Speaking to reporters, Aran said he did not see a problem
with the capital of banks and he said there was no systemic risk
in the banking system.
    He also said that there were no signs of any worsening in
non-performing commercial loans, but there were signals of such
a development on the consumer side.

 (Reporting by Ebru Tuncay and Can Sezer;
Editing by Daren Butler)
 ((daren.butler@tr.com; +90-212-350 7053; Reuters Messaging:
daren.butler.thomsonreuters.com@reuters.net))