Posted by meb at February 22nd, 2007

Akbank has announced a net profit of YTL 1.6 billion for 2006. Zafer Kurtul, Akbank’s director general, said the bank’s success came largely from its successful performance in lending money, given the 2006 annual financial reports of the bank. Akbank’s total loans increased by 26.7 percent to YTL 28.3 billion at the end of 2006, said Kurtul.
“This increase in credit was concomitant with an increase in loans for individuals and small and medium-sized enterprises (KOBİ). Compared with the figures for late 2005, Akbank individual loans grew by 37 percent to YTL 9.2 billion, while KOBİ loans grew by 47 percent to YTL 11.25 billion. As a consequence, the rate of Akbank’s total loans to its total assets grew to 49 percent in 2006, up from 43 percent in 2005.”

source: Today’s Zaman

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