Turkish banks' net profit up 29% y/y at end-Sept

The total assets of banks in Turkey increased by 40% on the year, reaching 6 trillion lira as at end-September, according to BDDK data. 

Loans increased to 3.6 trillion lira, up 40% year-on-year. The ratio of non-performing loans to total loans declined to 4.06% at the end of September, compared to 4.96% a year earlier.

Deposits rose by 46% on the year, hitting 3.4 trillion lira at the end of September 2020.

The total shareholders' equity amounted to 569.2 billion lira as at end-September, up 22% on an annual comparison basis. 

(1 euro = 9.80878 lira)