İş Investment net profit increases in ’08
Güncelleme Tarihi:
Hürriyet Daily News
Oluşturulma Tarihi: Nisan 08, 2009 00:00
ISTANBUL - İş Investment Securities, the investment banking arm of İşbank, Turkey’s biggest non-state lender by assets, said it has increased consolidated net profit 16.5 percent, to 44.7 million Turkish Liras in 2008. The corresponding figure in 2007 stood at 38.4 million liras.
Announcing the company’s 2008 results yesterday, İş Investment Managing Director İlhami Koç said the firm is growing and increasing its profitability despite the effects of the global crisis. "In accordance with our growth targets, we have opened our seventh branch in Maslak, Istanbul and our third liaison office in Suadiye, Istanbul," Koç said.
The board of İş Investment plans to distribute 30 percent of the profit as divident to shareholders. If the general assembly approves the plan, total profits to be distributed stands at 12.9 million liras.
"The results were attained despite the global crisis and fluctuations in domestic markets," Koç said. "We will continue investments in 2009, in accordance with our targets on profitability and sustainable growth."
İş Investment continues its leadership in trading volume both at the Istanbul Stock Exchange, or IMKB, and VOB, the Turkish Derivatives Exchange based in İzmir. "We have presented new products to the Turkish capital markets last year, offering new choices for investors," Koç said. "Our activities to those ends will continue."
İş Investment stands as the brokerage with the biggest trading volume at the IMKB last year, with 44 billion liras and a share of 6.61 percent. The leadership of the company continues since 2003. At the VOB, İş Yatırım had a trading volume of 56.9 billion liras and a 13.68 percent share.
In the bonds market, İş Investment conducted 16.6 billion liras-worth of trading last year, gaining a 14.09 percent share and ranking the second. The company’s trading volume at the IMKB eurobond market stands at 3.3 million liras, corresponding to a market share of 6.43 percent. Its trading volume at the repo-reverse repo market stood at 29.8 billion liras last year.
The board of İş Investment plans to distribute 30 percent of the profit as divident to shareholders. If the general assembly approves the plan, total profits to be distributed stands at 12.9 million liras.
"The results were attained despite the global crisis and fluctuations in domestic markets," Koç said. "We will continue investments in 2009, in accordance with our targets on profitability and sustainable growth."
İş Investment continues its leadership in trading volume both at the Istanbul Stock Exchange, or IMKB, and VOB, the Turkish Derivatives Exchange based in İzmir. "We have presented new products to the Turkish capital markets last year, offering new choices for investors," Koç said. "Our activities to those ends will continue."
İş Investment stands as the brokerage with the biggest trading volume at the IMKB last year, with 44 billion liras and a share of 6.61 percent. The leadership of the company continues since 2003. At the VOB, İş Yatırım had a trading volume of 56.9 billion liras and a 13.68 percent share.
In the bonds market, İş Investment conducted 16.6 billion liras-worth of trading last year, gaining a 14.09 percent share and ranking the second. The company’s trading volume at the IMKB eurobond market stands at 3.3 million liras, corresponding to a market share of 6.43 percent. Its trading volume at the repo-reverse repo market stood at 29.8 billion liras last year.