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 November 2020. Total assets have increased 40.6% to TL 6,122,563 million (USD 786 billion) compared with the same month of the previous year. The largest asset figure is total loans which have increased 39.7% to TL 3,626,233 million (USD 465.5 billion). On the liabilities side, total deposits are TL 3,479,259 million (USD 446.6 billion), an increase of 41.8%. Net profit totalled TL 57.3 billion (USD 8.2 billion), an increase of 18% on the same period of the previous year.
The figure for non-performing loans as of November 2020 is TL 150,385 million (USD 19.3 billion), which is 3.98% of total loans, which compares with 5.24% for the same month of the previous year.
The USD rate was TL 7.79 in November 2020, compared with TL 5.75 for the same month of the previous year. The average USD rate for the first eleven months of 2020 is TL 6.96.
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.