ISTANBUL--Akbank TAS (AKBNK.IS), Turkey's largest bank by market
value, Friday reported a 16.4% fall in second-quarter net profit
due to lower consumer price index-linked yields and an increasing
trading loss.
Akbank, based in Istanbul, said unconsolidated net profit fell
to 535.1 million Turkish lira ($299.5 million) from TRY640 million
a year earlier, below the TRY627.6 million forecast by analysts
polled by Dow Jones Newswires.
Net interest income rose to TRY1.19 billion from TRY859.4
million.
After the news, Akbank shares were trading steady at TRY6.68,
against a 0.65% higher overall Istanbul market at 0955 GMT.
Write to Yeliz Candemir at yeliz.candemir@dowjones.com
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