The total asset size of the Turkish banking sector was 6 trillion 236 billion 32 million TL as of the end of October. The net profit of the sector for the period was 50 billion 1 million lira.
The “Unconsolidated Main Indicators of the Turkish Banking Sector” report for October was published by the Banking Regulation and Supervision Agency (BRSA).
Accordingly, the asset size of the banking sector in October was 6 trillion 236 billion 32 million TL. The total assets of the sector increased by 1 trillion 745 billion 214 million TL compared to the end of 2019.
In this period, loans, which are the biggest asset item of the sector, were 3 trillion 661 billion 505 million TL and securities became 1 trillion 68 billion 459 million TL.
Compared to the end of last year, the sector’s asset size increased by 38.9 percent, the total of loans increased by 37.9 percent and the total of securities increased by 61.7 percent.
In October, the NPL ratio of loans was recorded as 3.97 percent.
The net profit of the sector was 50 billion 1 million lira
The deposit, which is the biggest source of funds among banks’ resources, increased by 40.1 percent in October compared to the end of 2019 and rose to 3 trillion 595 billion 285 million liras.
In the same period, the total equity increased by 16.3 percent to 572 billion 608 million lira. The sector’s net profit for the period was 50 billion 1 million lira, and its capital adequacy standard ratio was 19.42 percent.