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Turkish Akbank says 2007 net profit 2.041 bln lira

Fri Feb 15, 2008 8:56pm IST
 
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ISTANBUL, Feb 15 (Reuters) - Turkey's Ak Bank AKBNK.IS said on Friday its net profit in 2007 stood at 2.041 billion lira ($1.7 billion), while gross profit rose 30 percent year-on-year to 2.525 billion lira.

Ak Bank, the largest Turkish bank by market capitalisation, said consumer loan volumes grew 43 percent from a year earlier. It did not provide a comparative figure for the net profit and full results were not yet available.

Akbank is owned by conglomerate Sabanci Holding SAHOL.IS and Citigroup (C.N: Quote, Profile, Research).

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