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...
Tag: banking sector
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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,...