NEWS Finance        30/03/2020

Turkey’s non-performing loans are USD 24.5 billion, 5.22% of total loans as of February 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 February 2020. Total assets have increased 19.7% to TL 4,712,688 million (USD 756.5 billion) compared with the same month of the previous year. The largest asset figure is total loans which have increased 14.5% to TL 2,772,411 million (USD 445 billion). On the liabilities side, total deposits are TL 2,687,886 million (USD 431.4 billion), an increase of 28.2%. Net profit totalled TL 15.1 billion (USD 2.5 billion), an increase of 133.4% on the same period of the previous year.


The figure for non-performing loans as of February 2020 is TL 152,622 million (USD 24.5 billion), which is 5.22% of total loans, which compares with 4.11% for the same month of the previous year.


The USD rate was TL 6.23 in February 2020, compared with TL 5.32 for the same month of the previous year. The average USD rate for the first two months of 2020 is TL 6.05.


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 50.52% to TL 4,253.40 (USD 319) as of 01.01.2022       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 rises further to 69.97% in April 2022       Turkey’s official unemployment rate jumps to 11.5% in March 2022       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 84,680,273 as of 2021 yearend       Foreigners visiting Turkey in 2021 increase by 94.1% to 24.7 million       Turkey’s private sector foreign debt is USD 169.4 billion as of 2021 yearend       Turkey’s economy grew 11% in 2021       Foreign Direct Investment to Turkey in 2021 was USD 14 billion       Turkey’s current account records a deficit of USD 14 billion in 2021