Turkish banks record .9B net profit in Jan-July period

Turkish banks record $10.9B net profit in Jan-July period

Turkish banks recorded a whooping 293.4 billion Turkish liras ($10.9 billion) internet revenue ın the January-July interval, in line with information launched Tuesday by the nation’s banking watchdog.

Total belongings within the Turkish banking sector reached 20 trillion liras ($743.5 billion) on the finish of July, the Banking Regulation and Supervision Agency (BRSA) information confirmed.

Loans, the most important sub-category of belongings, amounted to 10.3 trillion liras ($384.4 billion) from January to July.

On the liabilities facet, deposits held at lenders in Türkiye – the most important liabilities merchandise – totaled 12.5 trillion liras ($464.1 billion).

The sector’s regulatory capital-to-risk-weighted-assets ratio – the upper the higher – stood at 18.7% as of the top of final month.

The ratio of non-performing loans to whole money loans – the decrease the higher – was 1.6%.

As of the top of April, 55 state/non-public/international lenders – together with deposit banks, participation banks, and growth and funding banks – have been working in Türkiye.

The sector had 207,497 staff working at 11,046 branches each in Türkiye and overseas, in addition to 48,963 ATMs.

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Source: www.dailysabah.com