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Turkish Banks' Net Profit Up 41.1% On Year In Jan-Sep -IHA

ISTANBUL (IHA)--The overall net profit of Turkey's banking sector rose 41.1% on the year to 15.722 billion Turkish lira ($10.5 billion) in the first nine months of the year, Turkish banking watchdog BDDK said Thursday.

BDDK said in a report that total banking sector loans increased 2.3% on the year to TRY375.7 billion in September.

The banking sector's capital adequacy ratio rose to 20.05% in September from 18% last December, BDDK added.

Agency Web sites: www.iha.com.tr; www.ihavideo.net


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