(ECO) TWO TURKISH BANKS RECORD PROFIT IN NINE MONTHS.ISTANBUL, Nov 3, 2009 (TUR tur: see ibex. ) -- Two Turkish banks recorded profit in the first nine months of 2009. Turkey's state Halkbank recorded net profit of 1.2 billion Turkish liras (TL)(approximately 800 million USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) in the first nine months of 2009, whereas private Sekerbank had a net profit of 129 million TL (86 million USD) in the same period. Halkbank raised its total credits to 30.5 billion TL (20 billion USD), and its assets to 57.2 billion TL (38 billion USD) in the first nine months. Sekerbank's assets reached 8.5 billion TL (5 billion USD), and its total credits were around 5 billion TL (3 billion USD) between January and September 2009. Turkish state-owned Halkbank was established in 1938. It initially lent money indirectly through "popular funds", before being authorized in 1950 to open branches and lend money directly. Today, it is the 7th-largest bank in Turkey in terms of assets. Established in 1953 as the "Sugar Beet sugar beet, variety of beet used commercially as a source of sugar. sugar beet Variety of beet (Beta vulgaris) that accounts for about two-fifths of global sugar production, making it second only to sugarcane as a source of the world's sugar. Cooperative Bank Cooperative bank may refer to:
(BRC-A) (THROUGH ASIA Asia (ā`zhə), the world's largest continent, 17,139,000 sq mi (44,390,000 sq km), with about 3.3 billion people, nearly three fifths of the world's total population. PULSE) |
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