NEWS Finance        04/06/2020

Turkey’s non-performing loans are USD 21.7 billion, 4.65% of total loans as of April 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 April 2020. Total assets have increased 21.9% to TL 5,226,788 million (USD 748.8 billion) compared with the same month of the previous year. The largest asset figure is total loans which have increased 21.1% to TL 3,104,368 million (USD 444.8 billion). On the liabilities side, total deposits are TL 2,986,592 million (USD 427.9 billion), an increase of 31.4%. Net profit totalled TL 19.7 billion (USD 2.8 billion), an increase of 21.6% on the same period of the previous year.

 

The figure for non-performing loans as of April 2020 is TL 151,553 million (USD 21.7 billion), which is 4.65 of total loans, which compares with 4.06% for the same month of the previous year.

 

The USD rate was TL 6.98 in April 2020, compared with TL 5.95 for the same month of the previous year. The average USD rate for the first four months of 2020 is TL 6.34.

 

A total of 50 state/private/foreign lenders, including deposit banks, participation banks, and development and investment banks, conduct banking activities in Turkey as of January 2019. The sector has around 208,000 employees, serving through over 11,500 branches both in Turkey and overseas locations with 48,455 ATMs. 



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