November 8, 2012 / 1:15 PM / in 5 years

UPDATE 1-Turkey's Akbank Q3 net profit soars 69 pct, above f'cast

ISTANBUL, Nov 8 (Reuters) - Turkish lender Akbank , partly owned by Citigroup, on Thursday said that its third-quarter net profit climbed 69 percent on the back of trading income.

The net profit of 779.2 million Turkish lira ($436.3 million) beat an average forecast of 739 million lira in a Reuters poll of analysts.

The bank registered trading income of 167.7 million, compared with a trading loss of 53 million lira in the same period a year ago.

Shares in Akbank were up 1.65 percent at 8.62 lira by 1225 GMT.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below