Emlak Katilim, a key contributor to Türkiye’s economy with its efficient growth strategy, has successfully closed 2024 with a solid financial balance sheet. By the end of the year, the bank provided 149 billion TL in financial support to the national economy. The total assets of Emlak Katilim reached 228 billion TL, while its net profit surged by 70% year-over-year, reaching 8.7 billion TL.
Adhering to its principles of sustainable growth, customer focus, and profitability, Emlak Katilim continued to make significant contributions to both Türkiye’s economy and the participation finance sector. At the end of 2024, the bank reported:
- Total assets of 228 billion TL
- Total collected funds of 167 billion TL
- Total loan disbursements of 116 billion TL
A key highlight of Emlak Katilim’s growth was its success in sukuk (lease certificate) issuances. By the end of 2024, the bank’s domestic sukuk issuance volume grew by 77% year-over-year to 31.4 billion TL. Holding a 33% market share in the sector, Emlak Katilim maintained its leadership in sukuk transactions, reinforcing its commitment to innovative and sustainable finance solutions.
Emlak Katilim Strengthens Digital Banking and Expands Participation Finance Solutions
Staying true to participation finance principles, Emlak Katilim introduced new Sharia-compliant financial products and packages throughout 2024. The bank also played a crucial role as a solution partner in Türkiye’s Deposit Management System (DYS) project, an initiative of national importance.
To enhance operational efficiency, reduce costs, provide seamless services, and save time, Emlak Katilim continued investing in digital banking solutions. Aligning with Türkiye’s participation finance vision, the bank plans to expand its customer portfolio and product range in the coming years while pursuing its strategic growth objectives.
Source: Bloomberght/ Prepared by: İlayda Gök