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    Banking profits may rise in second quarter

    Bloomberg
    30.04.2009 - 00:00 | Son Güncelleme:

    ANKARA - Turkish banking industry profits rose in March from a year ago and that trend is expected to continue in the second quarter, said Tevfik Bilgin, chief of the country’s banking regulator.

    Non-performing loans in the industry rose to 4.4 percent of total loans as of April 17 from 3.8 percent at the end of last year, Bilgin said in a telephone interview from the city of Bursa yesterday. Non-performing credit card debt increased to 8.5 percent of total from 6.5 percent on Dec. 31, he said. Total loans in the industry dropped 5.6 percent, or 20.4 billion liras ($12.7 billion), since mid-September, Bilgin said.

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