18 May 2005 -

Report Summary


24% lower than our expectation, Finansbank disclosed a net profit of YTL 78.5 mn (US$ 58.3 mn) on its 1Q 2005 BRSA bank only statements. Net profit of the bank in 1Q 2004 was US$ 20.7 mn after US$ 22.4 mn monetary loss.

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