Turkish banking sector posts $615M net profit in Jan.

Banking sector's total assets amount to $746B, says country's banking watchdog

By Muhammed Ali Gurtas

ANKARA (AA) - Turkey's banking sector net profit totaled 3.2 billion Turkish liras ($615 million) in January, the country's banking watchdog announced on Friday.

On a yearly basis, total assets of the sector climbed 18.8 percent, amounting to 3.86 trillion liras ($746 billion).

Loans, the biggest sub-category of assets, surged 12.6 percent year-on-year to reach 2.37 trillion liras ($459 billion).

As the largest liabilities item deposits held at lenders in Turkey were 2.04 trillion Turkish liras ($396 billion), marking an annual hike of 19.4 percent.

The U.S. dollar/Turkish lira (USD/TRY) exchange rate was around 5.29 as of Jan. 31 this year, versus 3.79 at the end of same month in 2018.

Kaynak:

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