Sunday 20 May 2012

BANKING - Kuwait Finance House’s Turkish Unit Increases Profit 18%

www.businessweek.com - Kuwait Finance House KSC (KFIN) said first- quarter profit at its Turkish unit, Kuveyt Turk Katalim Bankasi AS, rose 18 percent from a year earlier to 87 million lira ($47 million). The Istanbul-based bank opened 25 new branches during the period, bringing the total to 183, the lender said today in an e-mailed statement. (source)



To contact the reporter on this story: Daliah Merzaban in Dubai at dmerzaban@bloomberg.net
To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

Source:  http://www.businessweek.com/news/2012-05-19/kuwait-finance-house-s-turkish-unit-increases-profit-18-percent - May 19, 2012