Halkbank posts profit of 1.03 billion liras

The state-run bank in Turkey, Halkbank has announced that for the first half of 2011, the have posted a profit of 1.03 billion Turkish Liras which equates to 607 million USD net profit for the first half of the year.

In a statement, the bank also released that the total loans amount that had been issued during that period was 67 billion Turkish Liras. The bank also has strong aims to issue up to 25 percent more loans in 2011 compared with the year 2010.

With Turkey currently a hot spot for investment and property in Turkey seemingly selling itself, people are realising the potential that Turkey possesses and with the banks making a healthy profit, which can only mean good things for the already strong Turkish economy.

With more than 586 branches all across Turkey, the bank is currently the seventh largest bank in terms of assets in Turkey.

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