Assets of banks reached ₺21.8 trillion in October

The asset size of the Turkish banking sector increased by 51.7% in October compared to the end of 2022, reaching ₺21 trillion 758 billion.

The “Unconsolidated Main Indicators of the Turkish Banking Sector” report for the period October 2023 was published by the Banking Regulation and Supervision Agency (BRSA).

According to the report, the asset size of the banking sector in October was ₺21 trillion 757 billion 871 million. While the total assets of the sector increased by ₺7 trillion 410 billion 481 million compared to the end of 2022, the proportional equivalent of this was 51.7%.

Loans, the largest asset item of the sector, increased by 45% compared to the end of 2022, reaching ₺10 trillion 991 billion 153 million, and the total securities increased by 56%, reaching ₺3 trillion 698 billion 425 million. During this period, the conversion rate of loans to non-performing loans was 1.54%.

Deposits, which are the largest source of funds among banks’ resources, increased by 56.3% compared to the end of 2022, reaching ₺13 trillion 848 billion 142 million.

In the same period, the total equity capital increased by 37.7% and reached ₺1 trillion 935 billion 364 million.

In October 2023, the sector’s net profit for the period was ₺486 billion 30 million and the capital adequacy standard ratio was 18.44%.

Source: Trthaber / Prepared by Irem Yildiz

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