ISTANBUL: Turkish lender Vakifbank posted a net profit of 349.2 million lira ($162.4 million) in the second quarter, down 9 percent from a year earlier but exceeding a Reuters poll forecast of 318 million lira.

The bank, which made the announcement in a statement to the Istanbul stock exchange late on Monday, had a net profit of 382.1 million lira in the same period a year earlier.