Turkish banks post $7.5B net profit in April

Total assets of banks at $843.5B as of end-April, according to banking watchdog data

By Tuba Ongun

ANKARA (AA) - Turkish banks posted a net profit of 144.7 billion Turkish liras ($7.5 billion) in April, the country’s banking watchdog said on Wednesday.

Total assets of the Turkish banking sector amounted to 16.4 trillion liras ($843.5 billion) last month, rising from 10.2 trillion liras ($695.4 billion) in April 2022, according to data from the Banking Regulation and Supervision Agency (BRSA).

Loans, the largest sub-category of assets, reached 8.9 trillion liras ($458.8 billion) this April.

On the liabilities side, deposits held at lenders in Türkiye – the largest liabilities item – amounted to 10.4 trillion Turkish ($532.9 billion).

The sector’s regulatory capital-to-risk-weighted-assets ratio – the higher the better – stood at 16.98% at the end of last month.

The ratio of non-performing loans to total cash loans – the lower the better – was 1.85%.

As of end-April, a total of 54 state/private/foreign lenders – including deposit banks, participation banks, development and investment banks – were operating in Türkiye.

The sector had 206,986 employees working at 11,055 branches both in Türkiye and abroad, along with 48,751 ATMs.

Kaynak:

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