Turkey's leading participation bank Bank Asya has said its net profit for the January-March period of this year is TL 48 million ($30.3 million), down from TL 59 million posted the same period a year ago.
The bank announced its unconsolidated financial results for the first quarter of this year on Thursday. According to the latest figures, the participation bank's total assets equal TL 14.51 billion, while its financial contribution to the Turkish economy – through the extension of loans -- has surpassed TL 21 billion.
The bank's statement also underlined that its loans extended went up by almost 30 percent, to TL 11.44 billion, in the first quarter of this year compared to the same period of 2010, while deposits in savings (participation) and checking accounts in the first quarter of this year increased by 18.08 percent to TL 11 billion. (full story)
The bank's statement also underlined that its loans extended went up by almost 30 percent, to TL 11.44 billion, in the first quarter of this year compared to the same period of 2010, while deposits in savings (participation) and checking accounts in the first quarter of this year increased by 18.08 percent to TL 11 billion. (full story)
