DJ Turkey's Ziraat Bank 2009 Net Profit Up 65% At TRY3.51B - IHA

ISTANBUL (Dow Jones)--Turkish state-owned lender Ziraat Bankasi's net profit reached 3.51 billion Turkish lira ($2.27 billion) in 2009, the bank's chief executive said Thursday, reports Ihlas News Agency, or IHA.

In 2008, the bank reported net profit of TRY2.13 billion.

In a press conference, Can Akin Caglar said the bank's total assets increased 19% on the year in 2009 to TRY125 billion.

The bank's deposits reached TRY98 billion in 2009, while its total loans amounted to TRY35.8 billion, he said.

Ziraat Bank is on the Turkish government's privatization list, along with Turkish public lenders Turkiye Halk Bankasi AS, or Halkbank (HALKB.IS), and Vakiflar Bankasi TAO (VAKBN.IS).

The government has said it will complete Halkbank and Ziraat Bank's privatization by November.

Agency Web sites: www.iha.com.tr; www.ihavideo.net

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March 04, 2010 04:47 ET (09:47 GMT)

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