Turkey’s banking sector posted a net profit of TRY 350.58bn in January-August, up 39% from a year ago, according to the Banking Regulation and Supervision Agency (BDDK).
The sector’s total assets annually soared by 60.2% to TRY 20.33tr in January-August.
Loans increased by 56.75% to TRY 10.44tr in the same period.
Liabilities were also up 67.3% to TRY 12.93tr in January-August, year-over-year.
The sector’s regulatory capital-to-risk-weighted-assets ratio stood at 18.69% at the end of August, while the proportion of non-performing loans to total cash loans was 2.38%.