The asset size of the Turkish banking sector increased by 57.1% in the November 2023 period compared to the end of 2022, reaching ₺22 trillion 540 billion.
The “Unconsolidated Main Indicators of the Turkish Banking Sector” report for the period of November 2023 was published by the Banking Regulation and Supervision Agency (BRSA).
According to the report, the asset size of the banking sector in November was ₺22 trillion 539 billion 870 million. While the total assets of the sector increased by ₺8 trillion 192 billion 480 million compared to the end of 2022, the proportional equivalent of this was 57.1%.
Loans, the largest asset item of the sector, increased by 49.4% compared to the end of 2022, reaching ₺11 trillion 326 billion 915 million, and the total securities increased by 60.9%, reaching ₺3 trillion 815 billion 755 million. During this period, the conversion rate of loans to non-performing loans was 1.51%.
Deposits, which are the largest source of funds among banks’ resources, increased by 59.5% compared to the end of 2022, reaching ₺14 trillion 130 billion 945 million.
In the same period, the total equity capital increased by 40% and reached ₺1 trillion 968 billion 371 million.
In the November 2023 period, the sector’s net profit for the period was ₺535 billion 471 million and the capital adequacy standard ratio was 18.29%.
Source: Trthaber / Prepared by Irem Yildiz