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. 



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