(MENAFN) Türkiye’s banking industry reported net earnings of 751.6 billion Turkish liras ($17.95 billion) in October, according to a statement released Monday by the BDDK.

This figure represents an 18% surge compared to the same period a year earlier, highlighting the sector’s ongoing financial momentum.

By the end of October, the sector’s aggregate assets expanded to 44.1 trillion liras ($1.05 trillion). Loans — the primary component of these assets — amounted to 21.58 trillion liras ($515.8 billion), illustrating the continued demand for credit across the economy.

On the liabilities side, deposits — the most significant category — reached 25.36 trillion Turkish liras ($606.26 billion).

Reflecting strengthened financial resilience, the regulatory capital-to-risk-weighted-assets ratio, often interpreted as a gauge of institutional robustness, increased to 18.87% during the same period.

The share of non-performing loans within total cash loans held at 2.39%, signaling stable asset quality.

As of late October, the Turkish banking landscape consisted of 67 state, private, and foreign institutions, incorporating deposit banks, participation banks, and development and investment banks.

The industry employed 211,184 personnel working across 10,765 branches both in Türkiye and abroad, underscoring its extensive operational footprint.

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