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AKBTY Akbank Turk Anonim Sirketi (QX)

3.55
-0.035 (-0.98%)
04 Dec 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Akbank Turk Anonim Sirketi (QX) USOTC:AKBTY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.035 -0.98% 3.55 3.49 3.63 3.61 3.546 3.61 45,968 22:00:02

Akbank Second-Quarter Profit Below Expectations

03/08/2012 11:40am

Dow Jones News


Akbank Turk Anonim Sirketi (QX) (USOTC:AKBTY)
Historical Stock Chart


From Dec 2019 to Dec 2024

Click Here for more Akbank Turk Anonim Sirketi (QX) Charts.

ISTANBUL--Akbank TAS (AKBNK.IS), Turkey's largest bank by market value, Friday reported a 16.4% fall in second-quarter net profit due to lower consumer price index-linked yields and an increasing trading loss.

Akbank, based in Istanbul, said unconsolidated net profit fell to 535.1 million Turkish lira ($299.5 million) from TRY640 million a year earlier, below the TRY627.6 million forecast by analysts polled by Dow Jones Newswires.

Net interest income rose to TRY1.19 billion from TRY859.4 million.

After the news, Akbank shares were trading steady at TRY6.68, against a 0.65% higher overall Istanbul market at 0955 GMT.

Write to Yeliz Candemir at yeliz.candemir@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


1 Year Akbank Turk Anonim Sirketi (QX) Chart

1 Year Akbank Turk Anonim Sirketi (QX) Chart

1 Month Akbank Turk Anonim Sirketi (QX) Chart

1 Month Akbank Turk Anonim Sirketi (QX) Chart