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(ECO) TURKISH BANKING INDUSTRY'S H1 NET PROFIT 11.8 BLN TL.

ISTANBUL, Aug 26, 2010 (TUR) -- Net profit of Turkish banks reached 11.8 billion Turkish lira in the first half of 2010, the Banks Association of Turkey (TBB) said on Thursday.

According to a TBB report, state-owned banks posted a total net profit of 3.4 billion lira, private banks declared 6.9 billion lira and foreign-capital banks announced 932 million lira.

Net profit of deposit banks totaled 11.3 billion lira, while development and investments banks's net profit for the period was 436 million lira.

Among all state-owned banks, Ziraat Bank topped the list, posting a net profit of 1.9 billion lira. Ziraat was followed by Halkbank, which announced net profit of 1.03 billion lira, and Vakifbank that reached 540 million.

Garanti Bank was on the top of the ranking of private banks with 1.9 billion lira net profit. Garanti also outnumbered all other Turkish banks by net profit.

Other private banks in top three, Isbank and Akbank, reached 1.8 billion lira and 1.7 billion lira net profit, respectively. Yapi Kredi was the fourth with 1.19 billion.

Finansbank was the first in foreign-capital banks ranking by net profit in first half of 2010. It declared a net profit of 344 million lira. Finansbank was followed by Denizbank and HSBC with 275 million and 118 million, respectively.

(T-CE)

(THROUGH ASIA PULSE)
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Publication:Anadolu (Eskisehir, Turkey)
Date:Aug 26, 2010
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