Turkey's banking sector had a brilliant 2010, the high profits of Turkish banks reflect. Halkbank, Finansbank and TEB announced profits ranging between 41 percent and 21 percent while Akbank surprised economists with a profit slightly under estimations. Profit data on these four banks were added to Thursday's Garanti and TSKB profits
Four banks in Turkey announced high 2010 profits on Friday.
State-run lender HalkBank, National Bank of Greece-owned Finansbank, part-BNP Paribas SA-owned Türk Ekonomi Bankası, or TEB, and Citigroup-and-Sabancı Holding-owned Akbank released separate statements reporting their earnings.
Halkbank said its profits last year rose 23 percent, matching estimates, as interest expenses declined.
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