Net earnings of the Turkish banking sector jumped practically 50% in January when in comparison with the 12 months earlier, totaling TL 47.34 billion ($1.33 billion), the nation’s banking watchdog stated Monday.
The banking sector’s web earnings climbed 48.16% in comparison with the identical month final 12 months, based on Banking Regulation and Supervision Agency (BDDK) knowledge.
Total belongings of the sector have been TL 33.36 trillion as of the tip of January, with loans – the largest sub-category of belongings – totaling TL16.37 trillion.
Meanwhile, deposits held at lenders in Türkiye, the biggest liabilities merchandise totaled TL 19.05 trillion, the info confirmed.
Pointing to lenders’ minimal capital necessities, the banking sector’s regulatory capital-to-risk-weighted-assets ratio – the upper the higher – was at 17.66 by end-January, up from 16.89% in January 2024.
The ratio of non-performing loans to whole money loans – the decrease the higher – stood at 1.87% in the identical month, versus 1.6% a 12 months in the past.
As of the tip of January, a complete of 62 state/non-public/overseas lenders together with deposit banks, participation banks, and improvement and funding banks operated within the Turkish banking sector.
The sector had 209,507 workers serving at 10,958 branches each in Türkiye and abroad.
Source: www.dailysabah.com