Turkish state-run banks post $762M net profit in H1

Turkish state-run banks post $762M net profit in H1

Three Turkish state-run banks posted 4.41 billion Turkish liras ($762 million) in net profit over the first six months of 2019. The total assets of the three conventional banks Ziraat, Vakıf and Halk — excluding state-run participation banks — reached nearly 1.25 trillion Turkish liras ($215.5 billion) by the end…

Turkey’s consumer confidence up 3.1% in August

Turkey’s consumer confidence up 3.1% in August

Consumer confidence in Turkey’s economy improved on a monthly basis in August, according to the country’s statistical institute on Thursday. The consumer confidence index reached 58.3 in August, up 3.1% from last month, TurkStat said in a statement. The index value is jointly calculated by TurkStat and the Central Bank…

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