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, the biggest sub-category of assets, were around TRY 4.9tr (USD 370.9bn), posting a 37% rise year-on-year.
On the liabilities side, deposits held at lenders in Turkey – the largest liabilities item – totaled over TRY 5.3tr (USD 401.6bn), up 53.5% from a year ago.
Shedding light on lenders’ minimum capital requirements, the banking sector’s regulatory capital-to-risk-weighted-assets ratio – the higher the better – was 18.34% by the end of December 2021, down from 18.74% in December 2020.
The ratio of non-performing loans to total cash loans – the lower the better – was 3.15% versus 4.08% in the same period of the previous year.
As of the end of 2021, a total of 53 state/private/foreign lenders – including deposit banks, participation banks, development and investment banks – were operating in Turkey.
The sector had 202,136 employees serving through 11,098 branches both in Turkey and abroad with 48,898 ATMs.