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. 

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