The accumulate profit of Turkey’s banking sector leaped 400% from a one year earlier to TL 169.15 billion ($9.42 billion) within the first half of the one year, the banking watchdog stated on Wednesday.

As of end-June, sector loans totaled TL 6.3 trillion whereas the sphere’s capital adequacy ratio used to be 18.05%, the Banking Legislation and Supervision Company (BDDK) recordsdata confirmed.

The non-performing loans (NPL) ratio of loans used to be 2.49% as of June.

In the identical period of ultimate one year, this rate used to be recorded as 3.66%.

The capital adequacy ratio and the core capital adequacy, meanwhile remained the identical from the identical period of the old one year, at 18% and 14%, respectively.


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