Isbank profit rises 18% in Q2

Isbank, Turkey’s largest private bank, said on Wednesday second-quarter net profit rose 17.8 per cent to 952.8 million lira ($533 million), supported by trading gains and higher net interest income. The bank said net interest income rose to 1.43 billion lira from 1.08 billion lira a year earlier, according to an income statement released to the Istanbul Stock Exchange. Trading gains from activities in capital markets, derivatives and foreign exchange were 193.7 million lira in the quarter, compared with a loss of 29.4 million lira a year earlier. The profit exceeded a forecast in a Reuters poll of 813 million lira. From:Gulftoday