March 29 (SeeNews) - The net profit of Turkey's banking sector totalled 9.2 billion lira ($1.1 billion/954.1 million euro) at the end of February, down 39% on an annual comparison basis, data by the country's Banking Regulation and Supervision Agency, BDDK, showed.
The total assets of banks in Turkey reached over 6.1 trillion lira as at end-February, compared to 4.7 trillion lira a year earlier, according to BDDK data.
The banks' loan portfolio increased to some 3.6 trillion lira at the end of February from 2.8 trillion a year earlier. The ratio of non-performing loans to total loans fell to 4.02% from 5.20% in February 2020.
Deposits increased to 3.4 trillion lira at the end of February 2021 from 2.7 trillion lira a year earlier.
In February, 52 banks operated in Turkey, providing employment to over 202,800 people.
(1 euro = 9.64280 lira)