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The Yorkshireman
Ziraat’s assets exceed $144 billion

Ziraat’s assets exceed $144 billion​


Extract:
The total assets of Turkish state-owned lender Ziraat’s have exceeded 1 trillion Turkish Liras ($114.3 billion), its CEO, Alpaslan Çakar, said during a parliamentary commission session on June 17.

“It is seen that we have given support to the economy with loans worth 743 billion liras [$84.9 billion],” he told members of the committee on public enterprises.

In the meantime, Ziraat has also issued securities worth over 200 billion liras ($22.8 billion) to meet the central government’s liabilities, according to his remarks.

Although the bank was founded in the late 19th century as an agricultural financial institution, it has diversified its business segments since then, said Çakar.

But the bank still continues to provide credit support to the agriculture sector, he added, saying that 685,000 farmers were granted loans last year.
 

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