November 9, 2012 / 11:11 AM / 5 years ago

Turkey's Vakifbank Q3 net profit down 3.4 pct vs year ago

ISTANBUL, Nov 9 (Reuters) - Turkish state lender Vakifbank on Friday posted a 3.4 percent fall in third-quarter net profit to 305.2 million lira ($171 million).

The bank had been expected to make a profit of 254 million lira, according to the average forecast in a Reuters poll of nine analysts. Vakifbank had net income of 316 million lira in the same period of 2011.

$1 = 1.7859 Turkish liras Writing by Ece Toksabay

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