Huge increase in net profit of banks in Turkey

According to the Banking Regulation and Supervision Agency (BDDK) data, the net profit of the banking sector increased by 505 percent to TL 38.7 billion, year-on-year in July 2022. The sector made a net profit of TL 207.8 billion in the first 7 months of the year. This amount was TL 40.2 billion in the first 7 months of last year.

THE ACTIVE SIZE EXCEEDED 12 TRILLION LIRAS

The total asset size of the Turkish banking sector increased by 33.5 percent compared to the end of July 2021 and went up to 12 trillion 304 billion liras.

The BDDK has published the “Unconsolidated Main Indicators of the Turkish Banking Sector” report for the period of July 2022.

According to the report, the asset size of the banking sector in July amounted to 12 trillion 304 billion 480 million TL. The total assets of the sector increased by 3 trillion 89 billion 18 million liras compared to the end of 2021, while the proportional equivalent of this was 33.5 percent.