By Yeliz Candemir
ISTANBUL--Akbank TAS (AKBNK.IS), Turkey's second-largest bank by
market value, Thursday reported a 69% rise in third-quarter net
profit due to trading gains stemming from declining swap costs.
The Istanbul-based bank said its unconsolidated net profit for
the period rose to 779.2 million Turkish lira ($437 million) from
TRY459.9 million a year earlier, slightly above the TRY763.2
million forecast of analysts polled by Dow Jones Newswires.
Net interest income rose to TRY1.37 billion from TRY925.3
million.
At 1045 GMT, following the results, Akbank's shares were 1.2%
higher at TRY8.58, while the overall Istanbul market was up
0.1%.
Write to Yeliz Candemir at yeliz.candemir@dowjones.com
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