Economy in Turkey: “Net profit of banks increases by 45% in the first 10 months

According to the Banking Regulation and Supervision Agency (BDDK) data, the total net profit of the banking sector increased by 45% on an annual basis in the first 10 months.

As reported by BloombergHT, as of October, the ratio of the sector’s non-performing loans to total cash loans was 1.54%. This ratio was 2.23% in October 2022.

The core capital adequacy ratio is 15%, and this ratio remained at 15% in October 2022. The capital adequacy ratio is 18%.

Total assets amount to 21.8 trillion TL. In October 2022, this figure was 13.5 trillion TL. Total loans amount to 11 trillion TL. In the same period last year, total loans were 7.03 trillion TL.”