NEWS Finance        01/02/2021

Turkey’s non-performing loans are USD 19.3 billion, 3.98% of total loans as of 2020 yearend

Turkey’s banking watchdog, the Banking Regulation and Supervision Agency (BDDK), has published the statistics for Turkey’s banking sector as of December 31st, 2020. Total assets have increased 36% to TL 6,107,832 million (USD 822.1 billion) compared with the end of the previous year. The largest asset figure is total loans which have increased 34.7% to TL 3,576,732 million (USD 481.4 billion). On the liabilities side, total deposits are TL 3,455,314 million (USD 465 billion), an increase of 34.6%. 55.3% of deposits are denominated in foreign currency. Net profit totalled TL 60 billion (USD 8.6 billion) in 2020, an increase of 22.3% on the previous year.


The figure for non-performing loans as of December 31st, 2020 is TL 150,385 million (USD 19.3 billion), which is 3.98% of total loans, which compares with 5.24% for the end of the previous year.


The USD rate was TL 7.43 in December 2020, compared with TL 5.94 for the same month of the previous year. The average USD rate for the year of 2020 is TL 6.99.


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