HomeEconomyNet profit of Turkish banking sector up 9% in first 11 months

Net profit of Turkish banking sector up 9% in first 11 months

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The internet revenue of the Turkish banking sector within the January-November interval surged by roughly 9% in comparison with the identical interval final 12 months and reached TL 583.12 billion ($16.5 billion), in response to the info shared by the banking watchdog on Monday.

The asset measurement of the sector elevated by TL 7.6 trillion in comparison with the tip of 2023 and reached TL 31.16 trillion in November 2024, in response to the Banking Regulation and Supervision Agency (BDDK).

Loans, the biggest sub-category of belongings, totaled TL 15.46 trillion as of the tip of November, and the overall securities stood at TL 5.09 trillion, the BDDK mentioned. During this era, the credit score conversion charge was 1.80%.

Deposits, that are the biggest supply of funds amongst banks’ assets, elevated by 22.4% in comparison with the tip of 2023, reaching TL 18.17 trillion, in response to the info.

In the identical interval, the overall fairness elevated by 27.7%, reaching TL 2.75 trillion.

While the online revenue was recorded at TL 583.12 billion, the capital adequacy customary ratio was recorded as 18.29% as of November.

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Source: www.dailysabah.com

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