Turkey's Halkbank says Q2 net profit rises 38.5pc

ISTANBUL: Turkish state-run lender Halkbank said on Tuesday its second-quarter net profit rose 38.5 percent to 709.01 million lira ($389.67 million), beating a Reuters forecast of 608.5 million lira.

The lender's second-quarter net profit was at 512 million lira in 2011.

Net interest income rose to 1.18 billion lira in the second quarter from 790.9 million lira in the same period a year ago, according to an income statement posted with the Istanbul Stock Exchange. ($1 = 1.8195 Turkish liras)