Turkey's Vakifbank Q2 net profit falls 9 percent, beats forecasts

ISTANBUL Tue Aug 12, 2014 12:57am EDT

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ISTANBUL Aug 12 (Reuters) - Turkish lender Vakifbank posted a net profit of 349.2 million lira ($162.4 million) in the second quarter, down 9 percent from a year earlier but exceeding a Reuters poll forecast of 318 million lira.

The bank, which made the announcement in a statement to the Istanbul stock exchange late on Monday, had a net profit of 382.1 million lira in the same period a year earlier. (1 US dollar = 2.1500 Turkish lira) (Reporting by Ceyda Caglayan; Editing by Daren Butler)

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