Turkish banks’ profits exceed TRY 676 billion
The Turkish banking sector’s total profit rose 20% year-on-year to TRY 676.3 billion in the January-August period.
According to data from the Banking Regulation and Supervision Agency (BDDK), the sector’s total loan volume also increased from TRY 27.4 trillion in July to TRY 28.1 trillion in August.
The ratio of non-performing loans to total loans rose from 2.86% in July to 2.92% in August. The banking sector’s core capital adequacy ratio remained unchanged at 12%, while the total capital adequacy ratio held steady at 17%.
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