Sekerbank T.A.S. [SKBNK.IS] Stock Forecast

Sekerbank T.A.S. provides enterprise, agricultural, commercial/SME, corporate, and retail banking services in Turkey. It accepts various bank deposits, as well as foreign currency deposits. The company also offers consumer loans, such as mortgage, vehicle, general purpose, and other loans; export and import loans; business loans; corporation loans; loans given to financial sector; mortgage and retail loans; and individual/commercial credit and ATM cards, as well as mobile and online banking services. In addition, it provides insurance products, including accident, fire, personal accident, TCIP, agricultural, engineering, liability, private pension, and savings life products; transaction brokerage, portfolio brokerage, private portfolio management, investment consulting, and brokerage and underwriting of public offerings, as well as limited and general custody services; factoring services; and financial leasing services. Further, the company manages a portfolio of real estates, real estate projects, rights based on real estate, capital market instruments, and other assets and rights. As of December 31, 2021, it had 238 domestic branches. The company was formerly known as Pancar Kooperatifleri Bankasi A.S. and changed its name to Sekerbank T.A.S. in 1956. Sekerbank T.A.S. was founded in 1953 and is headquartered in Istanbul, Turkey.