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AKBTY Akbank Turk Anonim Sirketi (QX)

3.98
0.29 (7.86%)
03 Mar 2025 - 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
  0.29 7.86% 3.98 3.81 4.28 4.00 3.90 4.00 503,333 22:00:02

Akbank Third-Quarter Net Profit Slightly Above Expectations

08/11/2012 11:25am

Dow Jones News


Akbank Turk Anonim Sirketi (QX) (USOTC:AKBTY)
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By Yeliz Candemir

ISTANBUL--Akbank TAS (AKBNK.IS), Turkey's second-largest bank by market value, Thursday reported a 69% rise in third-quarter net profit due to trading gains stemming from declining swap costs.

The Istanbul-based bank said its unconsolidated net profit for the period rose to 779.2 million Turkish lira ($437 million) from TRY459.9 million a year earlier, slightly above the TRY763.2 million forecast of analysts polled by Dow Jones Newswires.

Net interest income rose to TRY1.37 billion from TRY925.3 million.

At 1045 GMT, following the results, Akbank's shares were 1.2% higher at TRY8.58, while the overall Istanbul market was up 0.1%.

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

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1 Year Akbank Turk Anonim Sirketi (QX) Chart

1 Year Akbank Turk Anonim Sirketi (QX) Chart

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