Turkish banking sector records net profit of $21.2B in May

Net profits increased by 39.7% over same period last year, with assets totaling $975.78 billion, according to data from Banking Regulation and Supervision Agency

By Gokhan Ergocun

ISTANBUL (AA) - Net profits of Türkiye's banking sector in the Jan-May period totaled 326.5 billion Turkish liras ($21.2 billion), the country's banking watchdog said Wednesday.

The banking sector's net profits climbed 39.7% compared to the same period last year, according to Banking Regulation and Supervision Agency (BDDK) data.

Total assets of the sector were 38.07 trillion liras ($975.78 billion) as of end-May; loans, the biggest subcategory of assets, totaled 18.94 trillion liras ($485.5 billion).

Deposits held at lenders in Türkiye—the largest liabilities item—totaled 22.1 trillion Turkish liras ($566.6 billion).

Referring to lenders' minimum capital requirements, the banking sector's regulatory capital-to-risk-weighted-assets ratio—the higher the better—was 17.5 by the end of May, up from 16.96% in May 2024.

The ratio of non-performing loans to total cash loans—the lower the better—was 2.09% in the same month, compared to 1.52% the previous year.

Kaynak:

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