By Gokhan Ergocun
ISTANBUL (AA) - Net profits of Türkiye's banking sector in the Jan-May period totaled 326.5 billion Turkish liras ($21.2 billion), the country's banking watchdog said Wednesday.
The banking sector's net profits climbed 39.7% compared to the same period last year, according to Banking Regulation and Supervision Agency (BDDK) data.
Total assets of the sector were 38.07 trillion liras ($975.78 billion) as of end-May; loans, the biggest subcategory of assets, totaled 18.94 trillion liras ($485.5 billion).
Deposits held at lenders in Türkiye—the largest liabilities item—totaled 22.1 trillion Turkish liras ($566.6 billion).
Referring to lenders' minimum capital requirements, the banking sector's regulatory capital-to-risk-weighted-assets ratio—the higher the better—was 17.5 by the end of May, up from 16.96% in May 2024.
The ratio of non-performing loans to total cash loans—the lower the better—was 2.09% in the same month, compared to 1.52% the previous year.