Turkey’s banking watchdog, the Banking Regulation and Supervision Agency (BDDK), has published the statistics for Turkey’s banking sector as of the end of October 2020. Total assets have increased 44.3% to TL 6,236,032 million (USD 750.4 billion) compared with the same month of the previous year. The largest asset figure is total loans which have increased 42.8% to TL 3,661,505 million (USD 440.6 billion). On the liabilities side, total deposits are TL 3,595,285 million (USD 432.6 billion), an increase of 48.5%. Net profit totalled TL 50 billion (USD 7.3 billion), an increase of 21.1% on the same period of the previous year.
The figure for non-performing loans as of October 2020 is TL 151,852 million (USD 18.3 billion), which is 3.98% of total loans, which compares with 5.16% for the same month of the previous year.
The USD rate was TL 8.31 in October 2020, compared with TL 5.71 for the same month of the previous year. The average USD rate for the first ten months of 2020 is TL 6.88.
A total of 54 state/private/foreign lenders, including deposit banks, participation banks, and development and investment banks, conduct banking activities in Turkey as of March 2020. The sector has 188,164 employees, serving through 10,161 branches both in Turkey and at overseas locations.