BRSA: Asset size of the Turkish banking sector reached ₺23.9 trillion in December

The asset size of the Turkish banking sector increased by 1.5% compared to the previous month, reaching ₺23 trillion 887 billion as of the end of January.

The “Unconsolidated Main Indicators of the Turkish Banking Sector” report for the January 2024 period was published by the Banking Regulation and Supervision Agency (BRSA).

According to the report, the asset size of the banking sector in January was ₺23 trillion 886 billion 855 million. While the total assets of the sector increased by ₺349 billion 434 million compared to the end of 2023, the proportional equivalent of this was 1.5%.

Loans, the largest asset item of the sector, increased by 2.2% compared to the end of 2023, reaching ₺11 trillion 937 billion 749 million, and the total securities increased by 3.7%, reaching ₺4 trillion 115 billion 662 million. During this period, the conversion rate of loans to non-performing loans was 1.6%.

Deposits, which are the largest source of funds among banks’ resources, increased by 0.6% compared to the end of 2023, reaching ₺14 trillion 947 billion 668 million.

In the same period, the total equity capital increased by 1.4% and reached ₺2 trillion 174 billion 571 million.

As of the end of January, the sector’s net profit for the period was ₺31 billion 987 million and the capital adequacy standard ratio was 16.89%.

Source: AA / Prepared by Irem Yildiz

Leave a Reply

Your email address will not be published.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

Back to top button