Turkish banking sector posts $19.9 billion net profits in November
Türkiye’s banking sector recorded net profits of 842.84 billion Turkish liras ($19.92 billion) in November, marking a 17.3% increase compared to the same month last year, according to the Banking Regulation and Supervision Agency (BDDK).
The sector’s total assets reached 44.97 trillion liras ($1.06 trillion) at the end of November, with loans as the largest asset sub-category totaling 22.17 trillion liras ($524.2 billion). Deposits, the main liabilities item, stood at 26.06 trillion liras ($616.5 billion).
The regulatory capital-to-risk-weighted-assets ratio, a key measure of banking stability, improved to 19.2%, while the non-performing loan ratio remained low at 2.43%.
Türkiye’s banking landscape includes 67 banks, comprising state, private, foreign, participation, and development & investment banks, operating 10,747 branches with 211,244 employees both domestically and abroad.
The growth reflects robust financial performance and the sector’s resilience amid Türkiye’s dynamic economic environment.
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