TSKB announces its first half results

The Industrial Development Bank of Turkey (TSKB) disclosed its financial statements for the first half of the year. TSKB’s profit before tax reads as TRY 89 million, with an increase of 32%, and its net profit as TRY 73.4 million, gaining upside by 31%.

TSKB’s assets surged by 10% compared to the same period of the last year, rising to TRY 5.2 billion. The asset growth rate hit 6% year-to-date.

TSKB’s focus on corporate and SME loans goes on undisturbed, loans following the uptrend at the same rate of growth as the last year, in the first half. At the end of June, the loan portfolio has reached TRY 3.3 billion with an increase of 16.7% compared to year-end 2007.