Turkey’s banks registered a net profit of TRY 39bn in February, according to the latest data from the Banking Regulation and Supervision Agency (BDDK).
Total assets of the Turkish banking sector hit TRY 9.5tr last month, up 55% from February 2021.
Loans, the largest sub-category of assets, were around TRY 5.2tr with a 44% year-on-year rise.
On the liabilities side, deposits held at lenders in Turkey – the largest liabilities item – totaled over TRY 5.5tr, up 60% from a year ago.
Pointing to lenders’ minimum capital requirements, the banking sector’s regulatory capital-to-risk-weighted-assets ratio – the higher the better – was 19.05% by the end of this February, up from 18.17% last February.
The ratio of non-performing loans to total cash loans – the lower the better – was 3.02%, dropping from 4.02% in February 2021.
As of the end of February, a total of 54 state/private/foreign lenders – including deposit banks, participation banks, development and investment banks – were operating in Turkey.
The sector had 201,552 employees serving through 11,040 branches both in Turkey and abroad, along with 48,852 ATMs.