Turkey's Bank Asya posted on Tuesday 260 million Turkish lira (TL) or $162.805 million of net profit in 2010, Anadolu News Agency reported according to a bank statement.
Bank Asya increased its total assets by 25 percent to 14.5 billion TL year-on-year 2010, the statement said.
The bank's credits rose by 32.4 percent to 11 billion TL at the end of 2010 compared to the previous year.
Bank Asya's equity capital rose by 13.7 percent to 1.9 billion TL year-on-year 2010, it said.
Bank Asya, initial capital of which is 2 million TL and current paid up capital is 900 million TL, has a multi-partnered structure based on domestic capital consisting of 244 shareholders except for the publicly held part as of the end of 2008.
Main objective of Bank Asya, which accepts supporting production by complying with the requirements of interest-free banking as the foundation principle, is to spread interest-free finance system to larger masses by using the latest opportunities of technology in accordance with customer-oriented service mentality.
In this direction Bank Asya carries out its activities with 179 branches, 2 national and 1000 foreign correspondent banks besides the head office units as of December 2010.
One USD equals 1.602 TL