Banking sector’s net profit announced

The “Unconsolidated Main Indicators of the Turkish Banking Sector” report for August was published by the BRSA.

29.09.2020 14:46:000

According to the Banking Regulation and Supervision Agency (BRSA) data, the total asset size of the Turkish banking sector increased by 30.2 percent as of the end of August compared to the end of 2019 and reached 5 trillion 845 billion 786 million liras. The net profit of the sector was 42 billion 949 million lira.

The “Unconsolidated Main Indicators of the Turkish Banking Sector” report for August was published by the BRSA.

Accordingly, the asset size of the banking sector in August was 5 trillion 845 billion 786 million TL. The total assets of the sector increased by 1 trillion 354 billion 968 million lira compared to the end of 2019.

In this period, loans, which are the biggest asset item of the sector, were 3 trillion 481 billion 901 million TL and securities became 1 trillion 30 billion 161 million TL.

Compared to the end of last year, the asset size of the sector increased by 30.2 percent, the total of loans by 31.1 percent and the total of securities by 55.9 percent.

The NPL ratio of loans was recorded as 4.14 percent in August.

The net profit of the sector was 42 billion 949 million lira

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 rose to 3 trillion 317 billion 591 million liras.

In the same period, the total equity rose by 15.3 percent to 567 billion 347 million lira. The sector’s net profit for the period was 42 billion 949 million lira, and its capital adequacy standard ratio was 19.28 percent.

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