Burgan Bank increased its net profit by 37% year-on-year in 2024, reaching 3.5 billion TL. The bank provided 90.9 billion TL in credit support to the economy and expanded its total assets to 123.6 billion TL. Burgan Bank CEO Murat Dinç emphasized that the bank continues to grow with a strong balance sheet, effective risk management, and investments in digital banking.
According to the 2024 financial results, Burgan Bank maintained a capital adequacy ratio of 21.9%, surpassing the sector average. Its return on equity (ROE) reached 39.1%.
Investment Portfolio Growth and Strong Banking Performance
CEO Murat Dinç highlighted that 2024 was a pivotal year for the economy, with improving reserves, a stable Turkish lira, and increasing investor confidence. Despite high funding costs and credit growth limitations pressuring the banking sector, Burgan Bank successfully navigated these challenges through agile and dynamic balance sheet management.
Dinç noted a 160% growth in the bank’s investment fund portfolio, with high-net-worth clients allocating over half of their assets to investment products. The bank collaborates with 18 portfolio management companies, tailoring investment products to clients’ risk and return expectations.
Burgan Bank’s Burgan Fund Universe, launched a year ago, has become one of its most popular platforms, enabling clients to track returns and conduct comparative analyses on their investment portfolios. Additionally, insurance commission revenues grew 3.4 times compared to the previous year, driven by the bank’s digitalization strategy in insurance services.
Financing Support Reaches 77 Billion TL
Dinç highlighted that ON Digital Banking exceeded 1 million customers, with an enhanced mobile banking experience allowing users to track all their stock and fund accounts from a single screen.
Burgan Bank provided 77 billion TL in financing support in 2024, marking a 37% increase compared to the previous year. This included 56 billion TL in cash loans and 21 billion TL in non-cash loans. The bank also expanded its factoring services for SMEs, reducing transaction times and increasing volume through tech-driven improvements.
In cash management and foreign trade, Burgan Bank processed 43 billion TL in payment checks and 9.5 billion TL in SGK collections. The bank facilitated 4 billion USD in trade transactions, leveraging its strong group synergy and high-quality services.
Additionally, Burgan Leasing secured an 11.3% market share in transactions between 50,000-100,000 USD, ranking among the top three firms in the sector. By the end of 2024, Burgan Leasing’s net profit reached 1.4 billion TL, while Burgan Investment saw a 41% increase in customer numbers compared to the previous year.
Dinç credited the bank’s success to its employees, emphasizing that employee satisfaction remains a top priority for Burgan Bank.
Source: Patronlar Dünyası/ Prepared by: İlayda Gök