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Turkish banks' net profit up 31% y/y at end-Nov

Turkish banks' net profit up 31% y/y at end-Nov Turkish lira; License: CC0 Public Domain

ANKARA (Turkey), January 7 (SeeNews) - The net profit of Turkey's banking sector totalled 75.3 billion lira ($5.5 billion/4.8 billion euro) at the end of November, up 31.4% 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 8.5 trillion lira as at end-November, compared to over 6.1 trillion lira a year earlier, according to BDDK data.

The banks' loan portfolio increased to some 4.8 trillion lira at the end of November from 3.6 trillion a year earlier. The ratio of non-performing loans to total loans fell to 3.22% from 3.97% in November 2020.

Deposits went up to 5.2 trillion lira at the end of November from 3.5 trillion lira in the same month of 2020.

In November, 53 banks operated in Turkey, providing employment to 200,968 people.

(1 euro = 15.5932 lira)

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