Business

The assets of the banking sector rose to ₺12.7 trillion in August

As of August, the total asset size of the Turkish banking sector increased by 37.8% compared to the end of 2021 and reached ₺12 trillion 699 billion. As of the end of August, the sector’s net profit for the period was ₺252 billion 208 million, and the capital adequacy standard ratio was 18.69%.

The “Unconsolidated Main Indicators of the Turkish Banking Sector” report for the period of August 2022 was published by the Banking Regulation and Supervision Agency (BDDK).

According to the report, the asset size of the banking sector in August amounted to ₺12 trillion 699 billion 119 million. While the total assets of the sector increased by ₺3 trillion 483 billion 656 million compared to the end of 2021, the proportional equivalent of this was 37.8%.

Compared to the end of 2021 in August, loans, the largest asset item of the sector, increased by 35.9% to ₺6 trillion 661 billion 162 million, and the total securities increased by 40.8% to ₺2 trillion 79 billion 464 million. In this period, the NPL ratio of loans was 2.38%.

Deposits rose to ₺7 trillion 739 billion 399 million

Deposits, which are the largest source of funds among banks’ resources, increased by 45.9% in August compared to the end of 2021 and rose to ₺7 trillion 739 billion 399 million.

In the same period, the total equity reached ₺1 trillion 144 billion 109 million with an increase of 60.3%. As of the end of August, the sector’s net profit for the period was ₺252 billion 208 million, and the capital adequacy standard ratio was 18.69%.

Source: Trthaber / Translated by Irem Yildiz

Leave a Reply

Your email address will not be published.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

Back to top button