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.

 



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