NEWS Finance        30/10/2020

Turkey’s non-performing loans are USD 19.5 billion, 4.07% of total loans as of September 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 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.



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 16.19% in March 2021       Turkey’s official unemployment rate jumps to 13.4% in February 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