The asset size of the Turkish banking sector increased by 47.1% in the September 2023 period compared to the end of 2022, reaching ₺21 trillion 98 billion.
The “Unconsolidated Main Indicators of the Turkish Banking Sector” report for the period September 2023 was published by the Banking Regulation and Supervision Agency (BRSA).
According to the report, the asset size of the banking sector in September was ₺21 trillion 98 billion 544 million. While the total assets of the sector increased by ₺6 trillion 751 billion 154 million compared to the end of 2022, the proportional equivalent of this was 47.1%.
Loans, the largest asset item of the sector, increased by 41.3% compared to the end of 2022, reaching ₺10 trillion 709 billion 542 million, and the total securities increased by 50.7%, reaching ₺3 trillion 573 billion 624 million. During this period, the conversion rate of loans to non-performing loans was 1.53%.
Deposits, which are the largest source of funds among banks’ resources, increased by 50.2% compared to the end of 2022, reaching ₺13 trillion 306 billion 491 million.
In the same period, the total equity capital increased by 35% and reached ₺1 trillion 897 billion 863 million.
In September 2023, the sector’s net profit for the period was ₺439 billion 660 million and the capital adequacy standard ratio was 18.52%.
Source: Trthaber / Prepared by Irem Yildiz