NEWS Finance        30/11/2020

Turkey’s non-performing loans are USD 18.3 billion, 3.98% of total loans as of October 2020

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.


Turkey’s net minimum wage has been raised 50.52% to TL 4,253.40 (USD 319) as of 01.01.2022       Migration communication helpline 157 available for foreigners in Turkey       Read our homepage articles on developments in the Turkish economy       Turkey’s official annual inflation rate rises further to 69.97% in April 2022       Turkey’s official unemployment rate jumps to 11.5% in March 2022       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 84,680,273 as of 2021 yearend       Foreigners visiting Turkey in 2021 increase by 94.1% to 24.7 million       Turkey’s private sector foreign debt is USD 169.4 billion as of 2021 yearend       Turkey’s economy grew 11% in 2021       Foreign Direct Investment to Turkey in 2021 was USD 14 billion       Turkey’s current account records a deficit of USD 14 billion in 2021