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 September 2020. Total assets have increased 40.6% to TL 6,003,775 million (USD 774.7 billion) compared with the same month of the previous year. The largest asset figure is total loans which have increased 40.4% to TL 3,555,358 million (USD 458.8 billion). On the liabilities side, total deposits are TL 3,444,338 million (USD 444.4 billion), an increase of 45.8%. Net profit totalled TL 46.3 billion (USD 6.9 billion), an increase of 28.8% on the same period of the previous year.
The figure for non-performing loans as of September 2020 is TL 151,019 million (USD 19.5 billion), which is 4.07 of total loans, which compares with 4.96% for the same month of the previous year.
The USD rate was TL 7.75 in September 2020, compared with TL 5.65 for the same month of the previous year. The average USD rate for the first nine months of 2020 is TL 6.74.
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.