TSKB posted TRY 147.4 million profit in 2007

The Industrial Development Bank of Turkey (TSKB) disclosed its financial statements ended on December 31, 2007. TSKB, the first private investment and development bank of Turkey, secured a net profit of TRY 147.4 million. The Bank’s assets surged by 20% year on year, rising to TRY 4.9 billion. On a dollar basis, the asset growth rate hit 46%. The Bank’s loan portfolio reached USD 2.4 billion, with an increase of 36% compared to year-end 2006. TSKB’s equity reached TRY 738 million as of December 31, 2007.