ISTANBUL, Mar 23, 2011 (TUR) -- Turkey's Kuveyt Turk posted 159.6 million Turkish lira net profit in 2010. (One U.S. dollar equals 1.56 TL)
A statement by Kuveyt Turk said on Wednesday that the bank's net profit rose by 25.6 percent year-on-year in 2010.
The statement said that the number of Kuveyt Turk's branches reached 141 and number of its personnel became 2,837 last year. (full story)
Euromoney, one of the leading finance magazines, honored the bank with two awards, including "best sukuk house" and "most innovative deal" awards within the scope of Islamic finance awards 2011.
Established in 1989 as a participation bank, Kuwait Turk's shareholders are Kuveyt Finance House (62%), Kuveyt Social Security Institution (9%), Islamic Development Bank (9%), General Directorate of Associations Turkey (18%), and other shareholders (2%).
