The internet revenue of Turkish banks reached TL 65.6 billion ($3.48 billion) within the January-February interval, with a 68% rise in comparison with final yr, the nation’s banking watchdog introduced on Wednesday.
Total belongings of the lenders totaled TL 15 trillion ($797.5 billion) in February, rising from TL 9.5 trillion in the identical month final yr, the Banking Regulation and Supervision Agency (BDDK) information confirmed.
Loans, the most important sub-category of belongings, amounted to TL 8.1 trillion final month with a 6.3% improve in comparison with the identical interval of the earlier yr.
On the liabilities aspect, deposits held at lenders in Türkiye – the most important liabilities merchandise – got here in at TL 9.4 trillion with a 6.5% rise.
The sector’s regulatory capital-to-risk-weighted-assets ratio – the upper the higher – stood at 17.15% on the finish of February.
The ratio of non-performing loans to whole money loans – the decrease the higher – was 1.93% in February from 2.01% a month earlier than.
As of end-February, a complete of 54 state/non-public/overseas lenders – together with deposit banks, participation banks, and growth and funding banks – have been working in Türkiye.
The sector had 209,208 staff working at 1,156 branches each in Türkiye and overseas, together with a complete of 48,858 ATMs.
Source: www.dailysabah.com
