Total assets of sector reach $772.9B as of end-September, up 61.1% year-on-year
Türkiye’s banking sector posted a net profit of 439.66 billion Turkish liras ($16.12 billion) in the January-September period, the country’s banking watchdog said on Monday.
The sector’s net profit was up 52.5% on a yearly basis in the first nine-month period, according to data by the Banking Regulation and Supervision Agency (BRSA).
Total assets of the sector rose 61.1% year-on-year to 21.09 trillion Turkish liras ($772.86 billion) as of the end of September, the report showed.
Loans, the biggest sub-category of assets, were 10.7 trillion Turkish liras ($392.34 billion), up 56.6% compared with the same period of the last year.
On the liabilities side, deposits held at lenders in Türkiye the largest liabilities item totaled nearly 13.3 trillion Turkish liras ($487.7 billion), up some 65.2% year-on-year.
The sector’s regulatory capital-to-risk-weighted-assets ratio stood at 18.83% as of the end of last month, while the ratio of non-performing loans to total cash loans was 2.28%.
A total of 54 state/private/foreign lenders including deposit, participation, and development and investment banks conducted banking activities in Türkiye as of September.
The sector had 205,215 employees, serving through 11,164 branches both in Türkiye and overseas.
Source: aa