NEWS Finance        29/12/2020

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


Turkey’s net minimum wage has been raised 21.56% to TL 2,825.90 (USD 380) as of 01.01.2021       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 increases to 19.25% in August 2021       Turkey’s official unemployment rate shoots back up to 12% in July 2021       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 83,614,362 as of 2020 yearend       Foreigners visiting Turkey in 2020 falls by 71.7% to 12.7 million       Turkey’s private sector foreign debt is USD 173.9 billion as of 2020 yearend       Turkey’s economy grew by 1.8% in 2020       Foreign Direct Investment inflow to Turkey was USD 7.7 billion in 2020