May 4 (SeeNews) - The net profit of Turkey's banking sector rose by 26.5% year-on-year to 15.79 billion lira ($2.24 billion/2.05 billion euro) in March, data by the country's Banking Regulation and Supervision Agency, BDDK, showed.
The Turkish banks' net profit totalled 12.48 billion lira in the same month of the previous year.
Total assets of the sector increased by 17.6% on the year, reaching 4.87 trillion lira at the end of March, according to BDDK data published on Thursday.
Loans came in at 2.9 trillion lira, up 15% year-on-year.
The ratio of non-performing loans to total loans stood at 4.96% in March, compared to an NPL ratio of 4.04% the same month of the previous year.
Deposits rose by 26.7% on the year, hitting 2.8 trillion lira in March.
The total shareholders' equity totalled 500.17 billion lira in March, up 15.4% on an annual comparison basis.
(1 euro = 7.69811 lira)