By Gokhan Ergocun
ISTANBUL (AA) – Net profits of Türkiye's banking sector in January totaled 47.34 billion Turkish liras ($1.33 billion), the country's banking watchdog said Monday.
The banking sector's net profits climbed 48.16% compared to the same month last year, according to Banking Regulation and Supervision Agency (BDDK) data.
Total assets of the sector were 33.36 trillion liras ($938 billion) as of end-January; loans, the biggest sub-category of assets, totaled 16.37 trillion liras ($460 billion).
Deposits held at lenders in Türkiye – the largest liabilities item – totaled 19 trillion Turkish liras ($535.8 billion).
Pointing to lenders' minimum capital requirements, the banking sector's regulatory capital-to-risk-weighted-assets ratio – the higher the better – was at 17.66 by end-January, up from 16.89% in January 2024.
The ratio of non-performing loans to total cash loans – the lower the better – stood at 1.87% in the same month, versus 1.6% a year ago.
As of end-January, a total of 62 state/private/foreign lenders – including deposit banks, participation banks, and development and investment banks – operated in the Turkish banking sector.
The sector had 209,507 employees serving at 10,958 branches both in Türkiye and overseas.