• Fajr
  • Sunrise
  • Dhuhr
  • Asr
  • Maghrib
  • Isha

Turkish banking sector posts $19.9 billion net profits in November

Yesterday 16:30
By: Sahili Aya
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.



Read more

This website, walaw.press, uses cookies to provide you with a good browsing experience and to continuously improve our services. By continuing to browse this site, you agree to the use of these cookies.