February 13, 2014 / 3:57 PM / 4 years ago

Turkish lender Vakifbank's 2013 net profit up 8.9 pct

ISTANBUL, Feb 13 (Reuters) - Turkish lender Vakifbank on Thursday posted a net profit of 1.59 billion lira ($725.17 million), a 8.9 percent increase from the previous year and higher than a Reuters poll forecast of 1.57 billion lira.

The bank’s loans and receivables rose to 86.75 billion lira at the end of 2013 from 68.13 billion lira a year ago.

Vakifbank’s 2012 profit was 1.46 billion lira.

$1 = 2.1926 Turkish liras Reporting by Ece Toksabay

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