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FinancialNews
29-08-20
Turkish Participation banks' net earnings up 32 percent in first half
(MENAFN) Turkey's contribution banks' net earnings rushed 32 percent in the first half of 2020, yearly, to arrive at 1.65 billion Turkish liras (228 million USD).
Turkey's banking regulator and unconsolidated balance sheets data stated that the possessions of Kuveyt Turk, Albaraka, Turkiye Finans, Ziraat Katilim, Vakif Katilim and Emlak Katilim as well ascended 52 percent to arrive at 364.4 billion Turkish liras (50.4 billion USD) as of the end of the first half on a yearly foundation.
Their deposits as well lifted 57 percent to arrive at 271.27 billion Turkish liras (37.59 billion USD).
Loans subjected by the banks increased 54.5 percent to arrive at practically 191.91 billion Turkish liras (26.54 billion USD) throughout the first six months of 2020, against the same phase last year.
MENAFN2908202000450000ID1100712909
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