Turkey's participation banks posted 387.3 million USD of net profit in the first nine months of 2010, the Participation Banks Association of Turkey said on Monday.
An association statement said the net profit of participation banks of Turkey was up 13 percent in the mentioned period over the same period of 2009, and reached 557.6 million Turkish liras-TL (387.3 million USD).
The funds collected at participation banks were up 13 percent and reached 30.4 billion TL (21.1 billion USD).
The total assets of the banks rose 17 percent to 39.5 billion TL (27.4 billion USD) in the first nine months of 2010 over the same period of 2009.
The number of participation bank branches was up 6 percent to 595 and the banks employed 12,404 people in the mentioned period.
The Participation Banks Association of Turkey has currently four members, including Albaraka Turk, Bank Asya, Kuveyt Turk, and Turkiye Finans. The head office of the association is in Istanbul.
German chancellor says troops will have to leave Turkish air base if Ankara continues to block visit of German lawmakers
Inauguration ceremony attended by host of Turkish, Sudanese officials and figures
Humanitarian aid for Somalia will be sent within two days, says Turkish Red Crescent head
Some security personnel also injured in clash with PKK terrorists
2017 'very symbolic' year as it marks 25th anniversary of diplomatic ties, says Ukraine's ambassador to Ankara
BIST 100 index falls 0.11 percent while US dollar/Turkish lira rate stands at 3.55
Foreign Ministry says Ankara is 'strongly determined' to maintain close cooperation with African countries
Newly-launched OrmaTurk company will produce domestically-produced geothermal turbines
Media reports claiming otherwise 'do not reflect the truth', Economy Ministry says
Cavusoglu says he was not yet born when Turkey's EU process began nearly 60 years ago
Turkish, Iranian leaders speak over the phone and vow to improve bilateral ties
Two men arrested in Malaysia earlier this month are remanded; third suspect released under judicial restrictions
Turkish president predicts by 2035 Turkey's population will top 90M and it will join world's richest countries
Pair discuss facilities, services provided to refugees in Turkey
Property sales see a yearly increase of 7.6 percent in the month, according to official data
100 held in capital Ankara, including 21 former personnel of education and development ministries