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...
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March 30, 2022March 30, 2022by CommentaryIn Daily News
Banks post TRY 39bn net profit in February
February 1, 2022February 1, 2022by CommentaryIn Daily News
Turkish banks see USD 7bn net profit in December
The country’s banking sector registered a net profit of USD 7bn (TRY 92.1bn) in December 2021, a banking watchdog revealed. The total assets of the sector hit TRY 9.2tr (USD 697.5bn) at the end of last year, up 50.9% from 2020, said a report by the Banking Regulation and Supervision Agency (BDDK) on Monday. Loans,...
October 20, 2021October 20, 2021by CommentaryIn Daily News
Turkish banks could face further curbs on consumer lending: S&P
Turkey’s banking regulator could further restrict consumer borrowing as it tries to control high levels of inflation, potentially squeezing margins at the country’s privately owned banks, S&P Global said in a report. Lower limits on credit cards and personal loans are possibilities, as are increased risk-weighted asset requirements for general purpose loans and auto loans,...