Posted by meb at February 13th, 2007

The banking sector’s net profits jumped 81 percent to YTL 10.6 billion in November 2006 compared to the same period the previous year.
 Total deposits increased by 27.6 percent to YTL 303.1 billion up from YTL 237.4 billion, according to Banking Regulation and Supervision Agency (BDDK) figures for November 2006. Interest revenue from loans increased by 28  percent to YTL 50.4 billion and interest expenditure increased by 40.5 percent to YTL 31.2 billion. Non-interest revenue stemming from regular banking operations such as asset sales and dividends increased by 55.7 percent to YTL 13.6 billion and non-interest expenditures decreased by 2.6 percent to YTL 16.5 billion. In November 2006, 77.8 percent of total liabilities were acquired by outsourcing while the remainder was acquired by equities.

source: Today’s Zaman

Related posts:

  1. Turkey’s banking watchdog: Banks lift net profits by 35 pct
  2. Albaraka net profits up 50 percent in 2007
  3. Big five grab lion’s share of banking profits in 2007
  4. Turkish banking sector to weather storm, remain strong in 2009
  5. Foreign share in banking hits 38.8%