March 4 (SeeNews) - The net profit of Turkey's banking sector totalled 4.3 billion lira ($578.9 million/480.9 million euro) at the end of January, down 45.2% year-on-year, data by the country's Banking Regulation and Supervision Agency, BDDK, showed.
The total assets of banks in Turkey increased by some 33% on an annual comparison basis, reaching over 6 trillion lira as at end-January, according to BDDK data.
Loans amounted to some 3.6 trillion lira, up 32.5% on the year. The ratio of non-performing loans to total loans declined to 4.08% at the end of January, from 5.34% a year earlier.
Deposits rose by 32% year-on-year, reaching 3.4 trillion lira at the end of January 2021.
In January, 52 lenders operated in Turkey, providing employment to some 203,000 people.
(1 euro = 8.94066 lira)