Total assets of banks at $797.5B as of end-February, banking watchdog data shows
Net profit of Turkish banks reached 65.6 billion Turkish liras ($3.48 billion) in February, nearly double in lira terms compared to last year, the country’s banking watchdog announced on Wednesday.
Total assets of the lenders totaled at 15 trillion liras ($797.5 billion) in February, rising from 9.5 trillion liras ($687.4 billion) in the same month last year, the Banking Regulation and Supervision Agency data showed.
Loans, the largest sub-category of assets, amounted to 8.1 trillion Turkish liras ($427.3 billion) last month.
On the liabilities side, deposits held at lenders in Turkiye the largest liabilities item came in at 9.4 trillion Turkish liras ($500.7 billion).
The sector’s regulatory capital-to-risk-weighted-assets ratio the higher the better stood at 17.15% at the end of February.
The ratio of non-performing loans to total cash loans the lower the better was 1.93%.
As of end-February, a total of 54 state/private/foreign lenders including deposit banks, participation banks, and development and investment banks were operating in Turkiye.
The sector had 209,208 employees working at 1,156 branches both in Turkiye and abroad, along with a total of 48,858 ATMs.