NEWS Finance        30/04/2020

Turkey’s non-performing loans are USD 23.1 billion, 4.97% of total loans as of March 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 March 2020. Total assets have increased 17.7% to TL 4,873,004 million (USD 741.7 billion) compared with the same month of the previous year. The largest asset figure is total loans which have increased 15% to TL 2,896,521 million (USD 440.9 billion). On the liabilities side, total deposits are TL 2,796,185 million (USD 425.6 billion), an increase of 26.7%. Net profit totalled TL 15.8 billion (USD 2.6 billion), an increase of 26.5% on the same period of the previous year.


The figure for non-performing loans as of March 2020 is TL 151,526 million (USD 23.1 billion), which is 4.97% of total loans, which compares with 4.05% for the same month of the previous year.


The USD rate was TL 6.57 in March 2020, compared with TL 5.63 for the same month of the previous year. The average USD rate for the first quarter of 2020 is TL 6.18.


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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