Türkiye’s banking sector posted a web revenue of TL 250.3 billion ($9.69 billion) within the first six months of 2023, the nation’s banking watchdog mentioned on Monday.
The sector’s web revenue was up 47.9% in contrast with TL 169.15 billion ($585 million) in the identical interval final 12 months, based on knowledge from the Banking Regulation and Supervision Agency (BDDK).
Total property of the sector rose 63% year-over-year to TL 19.1 trillion ($739.55 billion) as of the tip of June, the report confirmed.
Loans, the largest sub-category of property, have been TL 10.09 trillion ($387.55 billion), up 60.09% in contrast with final 12 months.
On the liabilities facet, deposits held at lenders in Türkiye – the biggest liabilities merchandise – totaled practically TL 11.65 trillion ($451.05 billion), up some 71.5% year-over-year.
The U.S. greenback/Turkish lira alternate charge was 26.98 on the finish of June 2023 and 16.7 on the finish of June 2022, based on Turkish central financial institution knowledge.
A complete of 55 state, personal and overseas lenders – together with deposit, participation (Islamic), and growth and funding banks – carried out banking actions in Türkiye as of January.
Pointing to lenders’ minimal capital necessities, the banking sector’s regulatory capital-to-risk-weighted-assets ratio – the upper, the higher – was 17.96% by the tip of June versus 18.05% by the tip of June 2022.
The ratio of non-performing loans to whole money loans – the decrease, the higher – was 1.64% in June versus 2.49% a 12 months in the past.
The sector had over 207,300 workers, serving via 11,148 branches each in Türkiye and abroad.
Source: www.dailysabah.com
