Turkey's Isbank Q3 net profit more than doubles, beats f'cast

ISTANBUL Wed Nov 14, 2012 7:15am EST

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ISTANBUL Nov 14 (Reuters) - Isbank, Turkey's largest private bank by assets, said on Wednesday third-quarter net profit more than doubled to 685.2 million lira ($379 million), supported by higher net interest income.

Net profit rose from 327.4 million lira in the third quarter of 2011 and beat a forecast in a Reuters poll of 567 million lira.

The bank said net interest income rose to 1.52 billion lira in the quarter from 1.05 billion lira a year earlier, according to an income statement released to the Istanbul Stock Exchange. ($1 = 1.8074 Turkish liras) (Writing by Seda Sezer)


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