Turkey’s bank reports net profits of September

(MENAFN) Türkiye’s banking sector recorded net profits of 669.7 billion Turkish liras ($16.1 billion) in September, marking a 19% year-on-year increase, according to data released Thursday by the Banking Regulation and Supervision Agency (BDDK).

The sector’s total assets reached 43.5 trillion liras ($1.05 trillion) at the end of the month. Loans, which make up the largest share of assets, totaled 21.2 trillion liras ($512.7 billion), while deposits — the main liability component — amounted to 24.8 trillion liras ($600 billion).

Türkiye’s lenders also maintained strong financial stability indicators. The capital adequacy ratio, a key measure of banks’ resilience, rose to 18.55%, while the non-performing loan (NPL) ratio remained low at 2.29%.

As of the end of September, 66 banks — including state, private, foreign, participation, and investment banks — operated across the country. The sector employed 210,102 people working in 10,781 branches in Türkiye and abroad.

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