MoneyTurkey

The assets of the banking sector exceeded 5.8 trillion liras

The “Unconsolidated Main Indicators of the Turkish Banking Sector” report of August was published by the Banking Regulation and Supervision Agency (BRSA).

According to the report, the asset size of the banking sector in August was 5 trillion 845 billion 786 million liras. The total assets of the banking sector has increased by 1 trillion 354 billion 968 million liras since the end of 2019. In this period, loans, which are the biggest asset item of the sector, have become 3 trillion 481 billion 901 million liras and securities were 1 trillion 30 billion 161 million liras.

The asset size of the banking sector has increased by 30.2 percent, the total of loans by 31.1 percent and the total of securities by 55.9 percent since the end of 2019. In August, the non-performing loan conversion ratio was recorded as 4.14 percent.

The total profit of the banking sector was recorded as 42 billion 949 million liras

The deposit, which is the biggest source of funds among banks’ resources, increased by 29.2 percent in August compared to the end of 2019 and reached 3 trillion 317 billion 591 million liras. In the same period, the total equity rose by 15.3 percent to 567 billion 347 million liras. The sector’s net profit for the period was 42 billion 949 million liras, and its capital adequacy standard ratio was 19.28 percent.

source: AA / translated by Melisa Karayusufoglu

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button