Turkish Banking Sector’s Assets Reach ₺24.7 Trillion in February

According to the Banking Regulation and Supervision Agency (BRSA) data, the total asset size of the Turkish banking sector increased by 4.7% compared to the end of 2023 as of February, reaching ₺24 trillion 662 billion.

The “Unconsolidated Main Indicators of the Turkish Banking Sector” report for the period of February 2024 was published by BRSA.

According to the report, the asset size of the banking sector in February was ₺24 trillion 662 billion 11 million. While the total assets of the sector increased by ₺1 trillion 111 billion 779 million compared to the end of 2023, the proportional equivalent of this was 4.7%.

Loans, the largest asset item of the sector, increased by 5.9% compared to the end of 2023, reaching ₺12 trillion 365 billion 518 million, and the total securities increased by 7.3%, reaching ₺4 trillion 259 billion 295 million. During this period, the conversion rate of loans to non-performing loans was 1.55%.

Deposits, which are the largest source of funds among banks’ resources, increased by 1.9% compared to the end of 2023, reaching ₺15 trillion 140 billion 382 million.

In the same period, the total equity capital increased by 3.6% and reached ₺2 trillion 231 billion 1 million.

As of the end of February, the sector’s net profit for the period was ₺74 billion 734 million and the capital adequacy standard ratio was 16.63%.

Source: AA / Prepared by Irem Yildiz

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