May 28, 2012
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Turkish banks post TL 13.5 billion profit in July
4 September 2010 / TODAY’S ZAMAN, İSTANBUL
Banks in Turkey earned an aggregate profit of TL 13.5 billion in July, up 6.5 percent from the same month last year, the Banking Regulation and Supervision Agency (BDDK) said on Friday.
According to BDDK data, the size of Turkish banks’ assets grew by 18.4 percent year-on-year to TL 900.3 billion in July. Loans extended had risen by 16.4 percent since the beginning of the year, totaling TL 457.1 billion, while securities showed a 4.2 percent increase and amounted to TL 273.9 billion.
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