Total assets of banking sector hits $697.5B as of end-2021, says banking watchdog
Turkey’s banking sector registered a net profit of 92.1 billion Turkish liras ($7 million) in December 2021, a banking watchdog revealed.
The total assets of the sector hit 9.2 trillion Turkish liras ($697.5 billion) at the end of last year, up 50.9% from 2020, said a report by the Banking Regulation and Supervision Agency (BRSA) on Monday.
Loans, the biggest sub-category of assets, were around 4.9 trillion Turkish liras ($370.9 billion), posting a 37% rise year-on-year.
On the liabilities side, deposits held at lenders in Turkey the largest liabilities item totaled over 5.3 trillion Turkish liras ($401.6 billion), up 53.5% from a year ago.
Shedding light on lenders’ minimum capital requirements, the banking sector’s regulatory capital-to-risk-weighted-assets ratio the higher the better was 18.34% by the end of December 2021, down from 18.74% in December 2020.
The ratio of non-performing loans to total cash loans the lower the better was 3.15% versus 4.08% in the same period of the previous year.
As of the end of 2021, a total of 53 state/private/foreign lenders including deposit banks, participation banks, development and investment banks were operating in Turkey.
The sector had 202,136 employees serving through 11,098 branches both in Turkey and abroad with 48,898 ATMs.