Turkish Banking Sector Achieves ₺153.5 Billion Net Profit in March

The net profit of the Turkish banking sector was ₺153.5 billion in March.

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

Accordingly, in the period of March 2024, the asset size of the Turkish banking sector was ₺25 trillion 872 billion 823 million. The total assets of the sector increased by ₺2 trillion 322 billion 590 million compared to the end of 2023.

During this period, the largest asset item, loans, was ₺12 trillion 930 billion 367 million, and securities were ₺4 trillion 440 billion 877 million.

Thus, compared to the end of 2023, the sector’s total assets increased by 9.9%, total loans by 10.7%, and total securities by 11.9%.

During this period, the conversion rate of loans to non-performing loans was 1.49%.

Deposits, which are the largest source of funds among banks’ resources, increased by 4.2% compared to the end of 2023, reaching ₺15 trillion 469 billion 910 million.

Compared to the end of 2023, the total equity capital of the banking sector increased by 6.6% and reached ₺2 trillion 294 billion 274 million.

During this period, the sector’s net profit for the period was ₺153 billion 524 million and the capital adequacy standard ratio was 16.96%.

Source: AA / Prepared by Irem Yildiz

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