The net profit of the banking sector dropped by 39% to TRY 9.2bn (USD 1.3bn) in January-February period, compared to the same period of the previous year, according to the Banking Regulation and Supervision Agency (BDDK). The net profit of the banking sector reached TRY 15.5bn (USD 2.4bn) in January-February 2020.
Total assets of the banking sector rose by 17% and exceeded TRY 6.1tr (USD 831.5bn) in this period, the BDDK said.
Loans, meanwhile, increased by 29% to TRY 3.6tr (USD 490bn) in this period.
On the liabilities side, deposits held at lenders in Turkey surged by 25% to TRY 3.5tr (USD 470bn) in this period, the BDDK reported.
Lenders’ minimum capital requirements, the banking sector’s regulatory capital-to-risk-weighted-assets ratio was 18.17% by the end of this January, improved from 17.71% last February.
The non performing loans’s ratio dropped from 4.11% to 4.02% compared to the same period in 2020.
The capital adequacy ratio of the banking sector reached 18.17% in February.
The number of state, private and foreign Lenders including deposit banks, participation banks, development and investment banks operated in Turkey totaled 52 as of February, the BDDK said.
The banking sector employs 203,866 people and serves through 11,192 branches both in Turkey and abroad with 48,967 ATMs.
The sector had 203,866 employees serving through 11,192 branches both in Turkey and abroad with 48,967 ATMs.