Q2 2024 Turkiye Vakiflar Bankasi TAO Earnings Call Transcript
Ladies and gentlemen, welcome to the VakifBank audio webcast second-quarter 2024 bank only earnings results. (Operator Instructions)
And now, we'll hand over to your host, Mr. Ali Tahan and Ms. Zeynep Nihan. Sir, madam, the floor is yours.
Thank you. Thank you, Rob. Good afternoon, everybody, and welcome to the second quarter's earnings presentation conference call. Starting with the presentation in the first slide, let us start with the net income numbers.
In line with the market consensus, this quarter's, on a bank-only basis, we announced TRY7.2 billion net income in the second quarter, which brought first-half net income number to TRY19.2 billion. And during this quarters, similar to some others banks in Türkiye, we also released some part of our free provisioning.
In the beginning of the quarter, total free provisioning amount was TRY11 billion. During the quarter, we released TRY2.5 billion, which is under TRY7.2 billion income, and therefore, free provisioning
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