Odeabank continued its stable growth in the first half of 2021.​

Odeabank saw substantial growth in the second quarter of 2021, despite the ongoing global repercussions of the COVID-19 pandemic. Continuing its steady and profitable growth, Odeabank increased its net profit from 65 million Turkish lira in the first half of 2021 to 85 million Turkish lira in the first half of 2021, marking a year-on-year increase of 31 percent.

Türkiye’s young, dynamic, and innovative bank, Odeabank, sustained its rapid growth into the second quarter of 2021. The bank increased its net profit from 65 million Turkish lira in the first half of 2020 to 85 million Turkish lira in the first half of 2021 and recorded total assets amounting to 43.5 billion Turkish lira. Odeabank achieved 24.1 billion Turkish lira in gross loans and accumulated 28.5 billion Turkish lira in deposits. Continuing its growth in commercial loans in the second quarter of 2021 at a rate nearly double that of private banks, Odeabank achieved a capital ratio of 11.3 percent and maintained its capital adequacy ratio above the industry average at 20.2 percent, thanks to effective asset management and a strong equity structure. Odeabank’s non-cash loans reached 7.3 billion Turkish lira, marking a year-on-year increase of 48 percent. Thanks to a diverse range of investment funds offered to customers, the bank's fund volume increased to 2.7 billion Turkish lira by the end of the second quarter. Furthermore, demand deposits accounted for 19.5 percent of total customer deposits. Non-deposit assets under management surged to 3.8 billion Turkish lira, nearly doubling since the end of 2019.

Mert Öncü: “We will achieve our goals through ‘phygital banking’”

Highlighting Odeabank’s sustained growth momentum despite the challenges posed by the pandemic, CEO Mert Öncü stated, “While we hope for an end to the pandemic soon, it is evident that the resulting fluctuations have naturally impacted every industry. Despite these challenges, Odeabank has navigated this period with outstanding performance. The numerical data from the first half of the year is a testament to our highly successful results. This success was made possible by our loyal customers, highly skilled colleagues, technology-driven services and products, and our dynamic approach to banking. At Odeabank, we are not only surpassing our targets but also continuing our growth trajectory. We are rapidly advancing our investments in digital banking, adapting swiftly to the current conditions and ongoing developments. Aiming to enhance our customer-centric banking approach in areas that create added value, we strive to produce sustainable and innovative solutions while integrating digitalization across all our activities in line with technological advancements. We have established a ‘phygital’ road map, combining the convenience of digitalization with the human touch. Combining our physical and digital experiences, we strive to deliver next-generation services to our customers through a phygital banking approach. Our goal is to become the leading ‘phygital’ bank in Türkiye and the region by seamlessly integrating our digital expertise with our physical services. As a bank that makes life easier and contributes to sustainable social welfare by providing expertise as well as unique, simple, and fast services in our focus areas, we will continue to work with all our strength to contribute to the economic development of our country.”