BUSINESS - Turkey’s Garanti Bank profit rise to $461 mln

BUSINESS - Turkey’s Garanti Bank profit rise to $461 mln:

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The net profit of Garanti Bank rose 23 percent to 886.6 million Turkish Liras (around $461 million) in the second quarter of 2013, the Turkish lender has announced.

The Istanbul-based bank, which is partly owned by Spain’s BBVA and Turkey’s Doğuş Holding, was expected by market analysts to post lower figures. In the same period last year, its net income was 719 million liras.

With the announcement of the second-quarter figures, the bank’s net profit for the first half of the year is 1.89 billion liras, good for a 19.6 percent rise. "

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