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Bank Asya posts 22 pct increase in net profits
According to a written statement by Bank Asya CEO Cemil Özdemir, Bank Asya was able to increase its assets by 43 percent in 2009, rising to TL 11.6 billion. During a time when many banks were accused of restricting the increase of credit available in the market, Bank Asya expanded its cash loans by 34 percent, amounting to TL 8 billion.
The report also stated that the bank increased its number of branches by 6 percent, from 149 to 158, while also boosting employees from 3,806 to 4,074, a rise of 7 percent. According to the statement, the entire banking sector was only able to increase the amount of credit in the system by 6.9 percent, whereas Bank Asya outperformed the industry with a 34 percent jump. Özdemir added that Bank Asya had completed its 13th year in the industry and had managed to grow despite the global credit crunch.
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