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  • 30-03-21

    Turkey's banks net profits drop from USD2.4B

    (MENAFN)According to the country's banking watchdog, Turkey’s banks announced a net profit of 9.2 billion Turkish liras (USD1.3 billion) in January-February period.

    The Banking Regulation and Supervision Agency (BDDK) stated that the number dropped from 15.1 billion Turkish liras (USD2.4 billion) in the same period 2020.

    Total amount of assets of the banking sector stood at more than 6.1 trillion Turkish liras (USD831.5 billion) as of end of the previous month, an increase of 17 percent annual.

    Loans amounted at some 3.6 trillion Turkish liras (USD490 billion), increased 29 percent in the same period.

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