Halkbank announces YTL 1.13 bln net profit in 2007
Posted by meb at March 12th, 2008
State-owned Halkbank announced an YTL 1.13 billion net profit for 2007, a 31 percent increase over the bank’s 2006 net profit of YTL 863.5 million.
Halkbank General Manager Hüseyin Aydın held a press conference yesterday in İstanbul to announce the bank’s 2007 figures. He noted that the bank’s total assets in 2007 increased by 17 percent over the preceding year to YTL 40.2 billion. Aydın said the bank’s loan portfolio increased by 56 percent last year to YTL 17.8 billion. Aydın responded to questions from reporters, saying there has not been a final decision on the road map of Halkbank’s future but that it was determined in a Cabinet decision that the bank will be privatized before 2010. In response to a question on how he thought the bank should be privatized, he emphasized that it makes no difference to the bank whether it is in an IPO or block sale, noting that he is not in a position to decide that matter. Aydın said moving the headquarters of the bank to İstanbul would be better for them and that they were still in talks with the Housing Development Administration of Turkey (TOKİ) about the land for the bank’s headquarters in İstanbul.
source: Today’s Zaman
Related posts: