Releasing a written statement Friday, the bank said its consolidated net profit in the first six months of this year increased to TL 145 million, from TL 99 million in the same months of the preceding year. When compared to the second half of 2008, Bank Asya's equity climbed by 11 percent to TL 1.56 billion while the bank's total assets increased by 21 percent to TL 9.87 billion in the same period.
Bank Asya's total funds (equivalent to deposits in non-participation banks) rose 27 percent to TL 7.36 billion in the same period. As of the end of the first quarter, loans extended by the bank to non-financial businesses totaled TL 7.04 billion. The bank said in its statement that it was committed to growth in the Turkish market irrespective of challenges from the ongoing global financial crisis. “Turkey's youngest participation bank, Bank Asya, will continue working hard to maintain healthy and sustainable growth in the market.” The bank also said it planned to open six new branches shortly.
