OYAK Securities maintained its strong growth momentum in 2023 with its innovative services

1 March 2024

In its statement to the Public Disclosure Platform (PDP), OYAK YATIRIM Menkul Değerler A.Ş. announced that its shareholders' equity exceeded TL 5 billion in 2023, while its net profit increased by 91 percent compared to the same period of the previous year and reached TL 2 billion.

OYAK Securities’ efforts in the fields of digital transformation and financial technologies, which provide its clients with a wide range of information about the direction of their investments, played an important role in the success achieved.

OYAK YATIRIM Menkul Değerler A.Ş., which has made a difference in its sector with the innovative solutions it has been offering its clients since 1982, continued its strong growth momentum in 2023. In its statement to the Public Disclosure Platform (PDP), OYAK Securities announced that its shareholders' equity exceeded TL 5 billion in 2023, and that the company's consolidated net profit attributable to equity holders of the parent company increased by 91 percent compared to the previous year and reached TL 2 billion. In addition, according to the company's financial statements without the inflation effect, consolidated net profit attributable to the parent company increased by 186 percent to TL 3.2 billion.

The consolidated net revenues of OYAK Securities, which has a strong subsidiary structure, increased by 75 percent after the inflation effect and reached TL 5.8 billion in 2023, while the rate of increase in consolidated net revenues calculated without the inflation effect was 180 percent.

While the profitability of OYAK Group Insurance, one of OYAK Securities’ subsidiaries, increased 2.6 times in 2023, the profitability of OYAK Portfolio increased 5.1 times. The size of the portfolio managed by OYAK Portfolio exceeded TL 27 billion during the same period.

OYAK Securities offers brokerage services in capital market instruments, corporate finance, financial advisory, investment advisory, and portfolio management services to individual, corporate, national, and international clients through its 13 branches spread across 11 cities in Türkiye.