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Akbank outlines reasons for success

Akbank outlines reasons for success

Turkish banks have posted record profits for fiscal 2009 ahead of analyst forecasts. Akbank, the country’s second-largest lender by assets, posted a 53 percent rise in full-year net profits and according to deputy CEO Hakan Binbasgil, is well placed to target further growth in 2010. Douglas Blakey reports.


Latest Headlines

  • (Free) Lloyds, the UK’s largest retail bank, said it expects to post a profit for the year after lower impairment provisions and cost controlling measures boosts income growth.
  • (Free) The European Payments Council (EPC), the coordination and decision-making body of the European payments industry, has highlighted “substantial progress” achieved in delivering several initiatives for the Single Euro Payments Area (SEPA) within its 2009 annual report.
  • (Free) The UK Cards Association, which represents the country’s credit card industry, and the UK government have agreed a range of measures which they say will save consumers millions of pounds and give them more control over their finances.
  • (Free) Canadian Imperial Bank of Commerce, Canada’s fifth largest bank by assets, will open 20 branches over the next year and a half to grow its market share.
  • (Free) Emirates NBD, the biggest bank in the Middle East by assets, has launched a range of chip-enabled Visa debit cards, across a wide range of customer segments.
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Kazkom targets deposit growth in 2010

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