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.
From a major planned anti-Daesh operation to the Istanbul funeral of renowned Turkish author Yasar Kemal, Turkish dailies covered a wide array of issues on Tuesday.
'Safe Harbor Turkey' exhibition in Geneva shows how different communities have found shelter in Turkish territory throughout country's history.
Analysts say Turkey’s solution process has spurred confidence in international markets.
Defense Minister Ismet Yilmaz says joint-US training program for Syrian opposition forces will be held in Turkey’s central province of Kirikkale.
Turkish EU and agriculture ministers attend mass opening ceremony for agricultural investments in Ankara.
Greek solar energy company official said preparing to invest in renewable energy and settled on the Kesan district as it is an organized industrial zone
Ismet Yilmaz has said " When the it comes to national interests, as assessment is made on this basis and to fulfill the responsibilities required to become members of the coalition "
Agreements with Baghdad and Northern Iraq authorize Turkish oil exploration in the country, Energy Minister Yildiz says.
With Armenians preparing for the 100th year of the killings, the diaspora is now taking aim at Turkeys investments, putting pressure on American business to withdraw their investments from Turkey
Over half a kilogram of explosives have been found by security in Hatay province under a car belonging to a Syrian citizen living in Turkey.
Abdullah Ocalan still exerts influence from his prison cell.
Describing the call on PKK to lay down arms as a key expectation of the Turkish government, Erdogan nevertheless cautions against the terrorist group's failure to deliver
Turkish president to meet with Saudi King on March 2nd after visiting the holiest sites in Islam in Mecca and Medina
About invitation to find common ground on PKK’s disarmament, Turkish PM Davutoglu says, it will pave the way for a democratic policy in Turkey.
Turkey’s literary giant, Yasar Kemal, passes away aged 92.
"On the one hand you say EU acquis, but on the other hand you take steps which totally oppose EU acquis,” Turkish president says.