Turkish banks see .6B net profit in March

Turkish banks see $5.6B net profit in March

The internet revenue of Turkish banks amounted to TL 107.3 billion ($5.6 billion) in March, in accordance with information launched on Wednesday.

The determine was up from TL 63.2 billion in the identical month final 12 months.

Lenders’ complete property reached TL 15.8 trillion ($827.3 billion) in March, up from TL 10.2 trillion in March 2022, the Banking Regulation and Supervision Agency information confirmed.

Loans, the most important sub-category of property, amounted to TL 8.5 trillion Turkish.

On the liabilities aspect, deposits held at lenders in Türkiye – the most important liabilities merchandise – got here in at TL 9.96 trillion.

The sector’s regulatory capital-to-risk-weighted-assets ratio – the upper the higher – stood at 17.67% on the finish of March.

The ratio of non-performing loans to complete money loans – the decrease the better-was 1.82%.

As of end-March, a complete of 54 state, personal and overseas lenders – together with deposit banks, participation banks, and growth and funding banks – have been working in Türkiye.

The sector had 209,339 staff working at 11,060 branches each in Türkiye and overseas, together with a complete of 48,694 ATMs.

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Source: www.dailysabah.com