Turkey's Akbank 2012 net profit rises 18 percent

ISTANBUL Thu Feb 7, 2013 5:41am EST

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ISTANBUL Feb 7 (Reuters) - Turkish lender Akbank on Thursday posted an 18 percent rise in 2012 net profit to 3 billion lira ($1.7 billion).

Fourth-quarter net profit doubled to 1.08 billion lira, above a Reuters poll forecast of 1 billion lira, according to a statement to the Istanbul stock exchange.

($1= 1.7695 Turkish liras) (Writing by Seda Sezer; Editing by Nick Tattersall)