Friday, July 02, 2010

Turkish Banks' Profit Rose 14% in Year to May, Outpacing Deposit Growth - Bloomberg

"Turkish Banks' Profit Rose 14% in Year to May, Outpacing Deposit Growth
By Ali Berat Meric - Jul 2, 2010

Profit in Turkey’s banking industry grew 14 percent in the first five months from a year ago, the regulator said.

Net income in the year to May was 10.3 billion liras ($6.5 billion), according to preliminary figures, a spokesman for the Banking Regulation and Supervision Agency in Ankara said, speaking on the usual condition of anonymity."

More:Turkish Banks' Profit Rose 14% in Year to May, Outpacing Deposit Growth - Bloomberg