OYAK Yatırım Menkul Değerler A.Ş. (OYYAT), which successfully completed the public offering process in June last year with TRY 526 million, announced its 2021 year-end financial results. Making a difference in the sector with its strong shareholding structure, the net profit of OYAK Securities' consolidated parent company increased by 185 percent compared to the previous year and reached TRY 402.6 million, according to the statement made to the Public Disclosure Platform (KAP). Increasing its return on equity to 68.9 percent, OYAK Securities also increased its equity to TRY 858.4 million in total at the end of 2021.
OYAK Securities’ recent collaborations and successful public offerings also boosted corporate finance and brokerage commission revenues. Having increased its consolidated net profit by 3,726 times in the last five years, reaching TRY 402.6 million by the end of 2021, OYAK Investment Menkul Değerler A.Ş. continued to maintain its strong growth. Evaluating the year-end financial results of the company, OYAK Securities General Manager Erkan Ünal said, “With our long-established history, experience and the strength we derive from the vision drawn by OYAK, we have achieved a serious sustainable growth with our increasing collaborations and diversifying products every year.”
Ünal stated that OYAK Securities has increased its return on equity to 68.9 percent, and indicated that the company increased its net profit per consolidated parent company by 185 percent to TRY 402.6, up by 185 percent compared to the prior-year period, and its shareholders’ equity to TRY 858.4 million based on the 2021 year-end financial results. Stating that they are working to provide a wide range of qualified services to their customers by closely following the sector dynamics and demands, Ünal said, “I wish this successful result to be beneficial to our investors, employees and all our stakeholders.”
Ünal: “We continued our strong growth with investments and collaborations”
Noting that they invested in United Payment, one of the first fintech companies in Turkey to obtain an electronic money license, with the OYAK Portfolio Venture Capital Investment Fund at the beginning of 2021, Ünal said, “By increasing the paid-in capital to TRY 88 million 945 thousand, it is the electronic company with the highest paid-in capital in Turkey.” Ünal continued, “We invest in innovative and value-added startups and help them gain a corporate identity where they can show themselves in constantly and rapidly changing global markets. While trying to ensure the continuity of the entrepreneurial and innovative spirit, we also created an organizational structure with a vision that can stand out in global competition and make a difference.”
Stating that OYAK Group Insurance and Reinsurance Brokerage continues to strengthen its position in the international arena with the solutions it provides from London starting from 2021 as a Lloyd's broker, Ünal said, “Ranking in top 5 among more than 100 global and local insurance brokers operating in Turkey with the premium volume it has reached, OYAK Group Insurance will offer the global reinsurance solutions, which it has been offering to its corporate customers from various sectors, now to the service of insurance companies operating in the Turkish insurance market. Ünal added that the portfolio size managed by OYAK Portfolio, a 100% subsidiary of OYAK Securities, has increased 133 times in the last five years, exceeding TRY 7 billion by the end of 2021.
Stating that they also signed invaluable collaborations throughout the year, Ünal said, “At the beginning of this year, we enabled our customers to easily perform fundamental and technical analysis of all stocks in the domestic markets with the Practical Analysis portal. Then, with the “Practical Suggestion” application that we developed together with OYAK Portfolio, we started to offer investors a comprehensive “sentiment” analysis along with fundamental analysis data. We will continue to increase our service and product range in 2022.”
With strong subsidiaries including OYAK Grup Sigorta ve Reasürans Brokerliği A.Ş., OYAK Portföy Yönetimi A.Ş. and OYAK Yatırım Ortaklığı A.Ş. unlike other brokerage houses, OYAK Securities has initiatives in many fields from global insurance brokerage activities to the financial technology sector. With hundreds of experiences such as privatization, public offerings, mergers and acquisitions, bond issuance, in addition to its securities brokerage activities in the capital markets in which it operates, OYAK Securities makes a difference in the sector with its innovative, high quality wide product range and service network it offers to its customers.
