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Turkish bank profits increase by quarter

Business Materials 21 January 2013 18:17 (UTC +04:00)

Azerbaijan, Baku, Jan. 21 / Trend, A. Taghiyeva /

The profits of Turkish banks in the fourth quarter of 2012 increased by 25 percent compared to the same period of 2011, the Turkish Banking Regulation Agency said today.

During the reporting period, the total profit of Turkish banks amounted to $4.7 billion.

According to the report, Akbank earned much profit last quarter. Its profit hits $1 billion, which is 33 percent more than the same period of 2011.

Banks

Compared to the same period of 2011

Profit in bln dollars

Akbank

33%

1,034

Garanti Bank

17%

856

Isbank

40%

960

Yapi Kredi

6%

574

Halkbank

23%

738

Vakifbank

43%

436

Albaraka

-22%

49

Bank Asya

13%

56

Total

25%

4,702

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