UPDATE: Turkey's Akbank Net Profit Undershoots Estimates
-- Fourth-quarter and full-year results below expectations
-- Profit hit by worse-than-expected trading loss
-- Central bank moves to slow lending also hit earnings
(Rewrites throughout, adds analyst comment and detail.)
ISTANBUL (Dow Jones)--Akbank TAS (AKBNK.IS), Turkey's largest bank by market value, Friday reported a 20% fall in fourth-quarter net profit, undershooting market expectations following a worse-than-expected trading loss and the central bank's moves to curb bank lending to prevent the economy from overheating.
More:UPDATE: Turkey's Akbank Net Profit Undershoots Estimates - WSJ.com
