Assets of the banking sector reached ₺20.3 trillion in August

According to the Banking Regulation and Supervision Agency data, the asset size of the Turkish banking sector increased by 41.7% in the August 2023 period compared to the end of 2022, reaching ₺20 trillion 331.9 billion.

The “Unconsolidated Main Indicators of the Turkish Banking Sector” report for the period August 2023 was published by BRSA.

According to the report, the asset size of the banking sector in August was ₺20 trillion 331 billion 921 million. While the total assets of the sector increased by ₺5 trillion 984 billion 531 million compared to the end of 2022, the proportional equivalent of this was 41.7%.

Loans, the largest asset item of the sector, increased by 37.8% compared to the end of 2022, reaching ₺10 trillion 449 billion 872 million, and the total securities increased by 47%, reaching ₺3 trillion 485 billion 847 million. During this period, the conversion rate of loans to non-performing loans was 1.61%.

Deposits, which are the largest source of funds among banks’ resources, increased by 45.9% compared to the end of 2022, reaching ₺12 trillion 931 billion 601 million.

In the same period, the total equity capital increased by 32.4% and reached ₺1 trillion 860 billion 713 million.

In August 2023, the sector’s net profit for the period was ₺350 billion 589 million and the capital adequacy standard ratio was 18.51%.

Source: AA / Prepared by Irem Yildiz

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button