Turkey's banking sector posted a net profit of TL 50 billion ($6.39 billion) from January through October of this year, the country’s banking watchdog said on Monday.
The sector's net profit was up 21%, compared with TL 41.3 billion in the same period last year, according to the Banking Regulation and Supervision Agency (BDDK).
Total assets of the sector rose 44.3% year-on-year to some TL 6.23 trillion as of the end of October, the data showed.
Loans, the biggest sub-category of assets, were TL 3.66 trillion up 42.9% compared to the same period last year.
In terms of liabilities and deposits held at lenders in Turkey, the largest liability item totaled nearly TL 3.6 trillion, a rise of nearly 50% on an annual basis.
Pointing to lenders' minimum capital requirements, the banking sector's regulatory capital-to-risk-weighted-assets ratio - the higher the better - was 19.42% by the end of October, versus 18.49% in the same period of the previous year.
The ratio of non-performing loans to total cash loans - the lower the better - was 3.97% in the same period, versus 5.15% a year ago.
A total of 52 state/private/foreign lenders - including deposit banks, participation banks, and development and investment banks -conducted banking activities in Turkey as of October.
The sector had 204,653 employees, serving across 11,427 branches both in Turkey and overseas.
Please click to read our informative text prepared pursuant to the Law on the Protection of Personal Data No. 6698 and to get information about the cookies used on our website in accordance with the relevant legislation.
6698 sayılı Kişisel Verilerin Korunması Kanunu uyarınca hazırlanmış aydınlatma metnimizi okumak ve sitemizde ilgili mevzuata uygun olarak kullanılan çerezlerle ilgili bilgi almak için lütfen tıklayınız.