Türkiye’s banking sector posted a internet revenue of TL 153.5 billion ($4.75 billion) within the first three months of the yr, the nation’s banking watchdog stated on Monday.
The sector’s internet revenue was up 44.7% in contrast with TL 106.1 billion in January-March 2023, in keeping with information from the Banking Regulation and Supervision Agency (BDDK).
As of March, the annual revenue enhance was recorded as 94.4%.
According to the information introduced by the BDDK, the share of non-performing receivables (NPLs) in complete money loans decreased to 1.49% in March. This charge was at 1.82% within the third month of final yr.
The core capital adequacy ratio (CAR) was 13% in the identical interval. In March 2023, this charge was recorded at 14%.
Meanwhile, the capital adequacy normal ratio was 17%.
On the opposite hand, the sector’s complete belongings, which amounted to TL 15.8 trillion in March 2023, rose to TL 25.9 trillion on the finish of March this yr. The sector’s complete loans had been recorded as TL 12.9 trillion on the finish of the identical month.
Source: www.dailysabah.com
