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Türkiye's Banking Net Profits Soar to USD16.16B
(MENAFN) Türkiye's banking industry recorded net earnings of 669.7 billion Turkish liras ($16.16 billion) during September, the nation's financial regulator announced Thursday.
Sector profitability jumped 19% year-over-year, figures from the Banking Regulation and Supervision Agency (BDDK) revealed.
The industry's aggregate assets reached 43.5 trillion liras ($1.05 trillion) as September concluded. Lending portfolios—the dominant asset class—accounted for 21.2 trillion liras ($512.7 billion) of the total.
Customer deposits, representing the principal liability category, stood at 24.8 trillion Turkish liras ($600 billion).
Concerning capital adequacy standards, the sector's regulatory capital-to-risk-weighted-assets ratio—where higher figures indicate stronger positioning—advanced to 18.55% by September's close.
Meanwhile, the non-performing loans ratio relative to total cash lending—where lower percentages signal better quality—registered at 2.29%.
The Turkish banking landscape comprised 66 institutions as of September's end, encompassing state-owned, private, and foreign entities across deposit banks, participation banks, and development and investment banks.
The workforce totaled 210,102 personnel operating through 10,781 branch locations spanning Türkiye and international markets.
Sector profitability jumped 19% year-over-year, figures from the Banking Regulation and Supervision Agency (BDDK) revealed.
The industry's aggregate assets reached 43.5 trillion liras ($1.05 trillion) as September concluded. Lending portfolios—the dominant asset class—accounted for 21.2 trillion liras ($512.7 billion) of the total.
Customer deposits, representing the principal liability category, stood at 24.8 trillion Turkish liras ($600 billion).
Concerning capital adequacy standards, the sector's regulatory capital-to-risk-weighted-assets ratio—where higher figures indicate stronger positioning—advanced to 18.55% by September's close.
Meanwhile, the non-performing loans ratio relative to total cash lending—where lower percentages signal better quality—registered at 2.29%.
The Turkish banking landscape comprised 66 institutions as of September's end, encompassing state-owned, private, and foreign entities across deposit banks, participation banks, and development and investment banks.
The workforce totaled 210,102 personnel operating through 10,781 branch locations spanning Türkiye and international markets.
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