||DenizBank profitable growth continues...
Figures in the DenizBank third-quarter balance sheet for 2005 announced by DenizBank on November 7th show that the Bank continues to pursue its strategy of rapid and productive growth.
In its July 2005 issue, the respected international financial magazine The Banker ranked DenizBank 8th among the world’s banks with the fastest-growing shareholders’ equity. The balance sheet and profitability growth registered in the first three quarters of the year is further evidence of the Bank’s successful performance.
In just the first six months of 2005, DenizBank posted profits equal to all those booked in 2004. According to the 9-month consolidated financial statements announced on November 7th, the Bank’s total assets stood at TRY 10,974 million (USD 8,176 million), corresponding to a year-on rise of 36%. During the same period, DenizBank’s net profit was also up 48% and reached TRY 181 million (USD 135 million).