NEWS Finance        29/06/2020

Turkey’s non-performing loans are USD 22.1 billion, 4.55% of total loans as of May 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 May 2020. Total assets have increased 23.7% to TL 5,282,890 million (USD 775.8 billion) compared with the same month of the previous year. The largest asset figure is total loans which have increased 24.1% to TL 3,161,718 million (USD 464.3 billion). On the liabilities side, total deposits are TL 2,974,200 million (USD 436.7 billion), an increase of 31.1%. Net profit totalled TL 27.3 billion (USD 4.3 billion), an increase of 38.6% on the same period of the previous year.


The figure for non-performing loans as of May 2020 is TL 150,680 million (USD 22.1 billion), which is 4.55 of total loans, which compares with 4.19% for the same month of the previous year.


The USD rate was TL 6.81 in May 2020, compared with TL 5.86 for the same month of the previous year. The average USD rate for the first five months of 2020 is TL 6.42.


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 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