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MULTIMEDIA
May 26, 2012
 
 
 
 
 
 

Participation banks H1 profits rise 28 percent

18 August 2009 / TODAY'S ZAMAN WITH WIRES, İSTANBUL
Turkish participation banks enjoyed a 28 percent increase in their net profit in the first six months of this year compared to the same period in 2008, Turkish Participation Banks' Association (TKBB) data have shown.

Releasing a written statement on Monday, the TKBB said the total capital of Turkish participation banks has increased by 19 percent, reaching $22.8 billion by the end of the first half when compared to the previous half.

The share of TL in total assets was 60 percent in the given period, while foreign currency had a 40 percent share. The amount of loans extended by participation banks in Turkey increased by 7 percent in first half compared with the previous one, to TL 21.2 billion.

In the given period, the net asset of participation banks increased by 15 percent to TL 29.6 billion, while equities recorded a 9 percent increase, reaching TL 4.1 billion. The number of participation bank branches increased to 540 in the first half, while the number of personnel was 11,216.

 
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© Feza Gazetecilik A.Ş. 2007, Ahmet Taner Kışlalı Cad. No: 6, Bahçelievler - İstanbul 34194 Turkey, +90 (212) 454 1454, +90 (212) 454 1497(fax)