2/8/2011

Turkish banking sector profits rose 8.7 percent in 2010

Reuters - In 2010, net profit in Turkey's banking sector rose 8.7 percent to TRY 21.93 billion (USD 13.90 billion) as the country emerged from the global financial crisis, the country’s Banking Regulation and Supervision Agency (BDDK) said on Monday.

Loans were boosted by a 33.9 percent rise to TRY 525.9 billion in the period, while deposits grew 19.9 percent to TRY 617 billion, said the regulator.

Banking sector assets rose 20.8 percent to TRY 1.007 billion, it said.
turkey; turkish banks; turkish banking industry; financial services; bddk