Total assets of banking sector top $776B as of end-Sept, says banking watchdog
Turkey’s banking sector posted a net profit of 46.3 billion Turkish liras ($6 billion) as of end-September, the nation’s banking watchdog said Friday.
Total assets of the sector rose 40% year-on-year to some 6 trillion Turkish liras ($776.6 billion) in the nine-month period, a Banking Regulation and Supervision Agency (BRSA) report said.
Loans, the biggest sub-category of assets, were 3.6 trillion Turkish liras ($460.1 billion), up 40% compared to the same period last year.
On the liabilities side, deposits held at lenders in Turkey the largest liabilities item totaled nearly 3.4 trillion Turkish liras ($446.1 billion), a rise of 46% on an annual basis.
Pointing to lenders’ minimum capital requirements, the banking sector’s regulatory capital-to-risk-weighted-assets ratio the higher the better was 19.42% by the end of September, versus 18.44% in the same period of the previous year.
The ratio of non-performing loans to total cash loans the lower the better was 4.06% in the same period, versus 4.96% a year ago.
As of end-September, a total of 52 state/private/foreign lenders including deposit banks, participation banks, and development and investment banks operated in the Turkish banking sector.
The sector had 203,114 employees serving through 11,295 branches both in Turkey and abroad with 49,465 ATMs.