Private banks announce net profit of 92 billion TL in 2021 with 91 percent increase

The net profit of Turkey’s banking sector in 2021 increased by 57.4 percent compared to the previous year to TL 92.1 billion. The total net profit of public banks increased by 0.2 percent to TL 21.5 billion, while private banks increased by 90.5 percent to TL 70.6 billion. The net profit of the banking sector for 2021 increased by 57.4 percent compared to the previous year and amounted to TL 92.1 billion.

According to the Banking Regulation and Supervision Agency (BRSA), the size of the banking sector’s assets amounted to 9.2 trillion liras in December 2021, while loans, the largest item of assets, reached 4.9 trillion, with an increase of 37 percent compared to the previous year.

The big difference between private and public banks in profits was noted.

The total net profit of public banks in 2021 amounted to TL 21.5 billion in 2021, with an increase of 0.2 percent compared to the previous year, while the net profit of private banks increased by 90.5 percent to TL 70.6 billion.

THE CONVERSION RATE OF TRACKING WAS 3.15 PERCENT

During this period, the conversion rate of loans to follow-up was also 3.15 percent. The deposit, which is the largest source of funds, increased by 53.5 percent compared to the end of 2020 and amounted to 5.3 trillion liras. The capital adequacy ratio of the banking sector was 18.34 percent.

SOURCE: sozcu.com.tr/2022/ekonomi/bankacilik-sektorunun-net-kari-2021de-yuzde-57-artti-6922954/