Reuters logo
Turkish banks to see 30 percent rise in profits in 2016 - president's adviser
February 12, 2016 / 7:42 AM / 2 years ago

Turkish banks to see 30 percent rise in profits in 2016 - president's adviser

ISTANBUL, Feb 12 (Reuters) - Turkey’s banking sector could see profits increase by 30 percent this year, presidential adviser Yigit Bulut said on Friday in a live interview with state television.

The number differed sharply with a forecast of a 10 percent rise from the head of the Banks Association of Turkey. Profits at Turkish banks rose 6 percent in 2015, according to the state Banking Regulation and Supervision Agency.

On Thursday, Deputy Prime Minister Mehmet Simsek, the government’s economy czar, said non-performing loans may be somewhat high this year. (Reporting by Ayla Jean Yackley; editing by David Dolan)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below