Net profit of Turkish banks hits USD7b in 10 months | MENAFN.COM

Friday, 21 January 2022 07:47 GMT

Net profit of Turkish banks hits USD7b in 10 months


(MENAFN) Based on Turkey’s banking watchdog statement on Monday, the country’s banks registered a net profit of 66.1 billion Turkish liras (USD7 billion) during the first ten months of the year.

As the data of the Banking Regulation and Supervision Agency (BRSA) demonstrated, the 10-month figure increased from 50 billion Turkish liras (USD6 billion) during the corresponding period of the previous year.

The overall assets of the banks exceeded 7.4 trillion Turkish liras (USD774.1 billion) on the end of October, jumping up from 6.2 trillion Turkish liras (USD751.9 billion) in the same time frame of 2020.

Moreover, loans, which are the biggest sub-category of assets, soared by 12 percent to about 4.2 trillion Turkish liras (USD439 billion) throughout the mentioned period.

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