Announcing its financial results for the first nine months of 2023 to the Public Disclosure Platform (PDP), OYAK YATIRIM Menkul Değerler A.Ş. reported that its net profit attributable to equity holders of the parent increased threefold compared to the same period of the previous year, reaching TL 1.25 billion. OYAK Securities' growing number of customers, product and service channel diversity, and its subsidiaries play a crucial role in OYAK Securities' uninterrupted growth momentum.
OYAK YATIRIM Menkul Değerler A.Ş. made a statement to the Public Disclosure Platform (PDP) and reported that its shareholders' equity exceeded TL 3.1 billion in the first nine months of 2023. During this period, OYAK Securities' net profit attributable to equity holders of the parent increased threefold compared to the same period in 2022, reaching TL 1.25 billion. Additionally, net commission income increased 2.4 times to TL 966 million, and total revenues increased 3.2 times to TL 2.3 billion.
OYAK Securities maintained its rapid growth momentum in the third quarter of this year, and its growing number of customers, product and service channel diversity, and subsidiaries play a significant role in its success.
In addition to the successful financial results achieved by its subsidiaries, OYAK Group Insurance in the third quarter of the year, OYAK Portfolio, which increased its profitability 5.2 times compared to the same period last year, positively contributed to OYAK Securities' third-quarter results. OYAK Group Insurance offers global insurance and reinsurance solutions to domestic and international corporate and individual customers in all industrial areas and specialized risks, while OYAK Portfolio provides fund management, portfolio management, and corporate asset management services.
Founded in 1982, 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 provinces in Türkiye.
