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FinancialNews
30-06-22
Turkish banks net profit increases annually to reach USD8.1B
(MENAFN) Turkish banks recorded a net income of 132 billion Turkish liras (USD8.1 billion) last month, the nation’s banking watchdog stated on Wednesday.
As shown by data from the Banking Regulation and Supervision Agency (BRSA) entire assets of the Turkish banking area amounted to 11.3 trillion Turkish liras (USD692 billion) in May, increasing from 6.7 trillion Turkish liras in the same month last year.
Loans, the biggest sub-category of assets, amounted to 6.1 trillion Turkish liras (USD372 billion) with an annual increase of 57 percent.
On the liabilities side, deposits detained at lenders in Turkey – the biggest liabilities entity – was valued at 6.6 trillion Turkish liras (USD403 billion), surging 72 percent on a yearly basis.
The area’s regulatory capital-to-risk-weighted-assets ratio – the higher the better – reached 18.15 percent at the close of May, increasing from 17.86 percent in the same month last year.
The ratio of non-performing loans to whole cash loans – the lesser the better – was 2.61 percent, dropping from 3.69 percent a year ago.
MENAFN30062022000045014228ID1104456615
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