As of March, the total asset size of the Turkish banking sector increased by 10.4% compared to the end of 2022 and reached ₺15 trillion 844.3 billion.
The “Unconsolidated Main Indicators of the Turkish Banking Sector” report for the period of March 2023 was published by the Banking Regulation and Supervision Agency (BRSA).
According to the report, the asset size of the banking sector in March was ₺15 trillion 844 billion 348 million. While the total assets of the sector increased by ₺1 trillion 496 billion 958 million compared to the end of 2022, the proportional equivalent of this was 10.4%.
Compared to the end of 2022 in March, loans, the largest asset item of the sector, increased by 12.4% to ₺8 trillion 517 billion 429 million, and the total securities increased by 15.6% to ₺2 trillion 740 billion 470 million. In this period, the NPL ratio of loans stood at 1.82%.
Deposit, which is the biggest source of funds among banks’ resources, increased by 12.3% in March compared to the end of 2022 and reached ₺9 trillion 956 billion 251 million.
In the same period, the total equity reached ₺1 trillion 596 billion 91 million with an increase of 13.5%. As of the end of March, the sector’s net profit for the period was ₺107 billion 245 million, and the capital adequacy standard ratio was 17.67%.
Source: Trthaber / Prepared by Irem Yildiz