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7 months ago
Turkey's Akbank sees 10-12 pct asset growth in 2017
January 10, 2017 / 3:33 PM / 7 months ago

Turkey's Akbank sees 10-12 pct asset growth in 2017

ANKARA, Jan 10 (Reuters) - Turkish lender Akbank expects to match the banking sector with an annual growth of 10-12 percent in assets, loans and deposits in 2017, it said on Tuesday.

Akbank, Turkey's third-largest listed bank by assets, said in a statement to the Istanbul stock exchange that it expected a 11-13 percent compound annual growth rate between 2017 and 2019.

It also said a non-performing loan ratio of 2.5 percent and capital adequacy ratio of 14 percent was forecast this year. (Reporting by Ceyda Caglayan; Writing by Ece Toksabay; Editing by Nick Tattersall)

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