Kuveyt Türk Participation Bank boosted its net income by 73.64 percent year-on-year up to 83.190 TL in the first half of 2009.
According to the financial data in the independent audit report prepared for BRSA, the bank increased its total assets by 28.11% from 4.858 million TL to 6.224 million TL; and its cash loans by 10.20% from 3.999 million TL to 4.407 million TL in the first half of 2009.
The funds collected by Kuveyt Türk via current and participation accounts increased by 37.38 year-on-year, standing at 4.767 TL.
Kuveyt Türk maintained its profitable growth in the first half of 2009 and developed its portfolio with innovative products such as Gold to Gold Participation Account and Gold Forward. The Bank raised its equity capital by 21.27% year-on-year to 763 million TL. Moreover, Kuveyt Türk opened 7 new branches in the first half of 2009, increasing its number of branches to 120. The Bank will be opening 10 more branches, permits of which have already been obtained. The Bank increased its personnel to 2.350 in the first half of 2009.
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