7/6/2011

Three Turkish banks in global most profitable list

Yeni Safak - Two public and one privately-owned Turkish bank made it to the Top 25 list in terms of return on capital in The Banker magazine’s Top 1,000 World Banks ranking.

State-owned Halk Bank and Ziraat Bank ranked 6th and 9th respectively in the most profitable 25 banks of the world, while private Garanti Bank secured the 22nd place. The data from the ranking reveal that the majority of the most profitable banking institutions are from the emerging countries with Turkey, China and Indonesia being top performers. The three Turkish banks’ combined capital-to-asset ratio of 7.6 percent is strikingly high in comparison with the average 5.35 percent, said the editorial.
Turkey; financial services sector; turkish finance sector; turkish banking system; turkish banking industry; the banker