The report “Unconsolidated Main Indicators of the Turkish Banking Sector” for the period of October 2022 was released by the Banking Regulation and Supervision Agency (BDDK).
According to the report, the asset size of the banking sector in October was 13 trillion 452 billion 845 million lire.
While the sector’s total assets increased by 4 trillion 237 billion 382 million lire compared to the end of 2021, the proportional equivalent of this was 46.0%.
In this period loans, the largest asset item in the sector, increased by 43.5 per cent to 7 trillion 35 billion 46 million lire, and total securities increased by 50.2 per cent to 2 trillion 218 billion 130 million lire.
57.4 PERCENT INCREASE IN LARGEST FUND SOURCE
The loan NPL ratio stood at 2.23% in October.
Deposits, which represent the largest source of funds among banks’ resources, increased by 57.4 percent in October compared to the end of 2021 and rose to 8 trillion 347 billion 575 million lire.
In the same period, total assets reached 1 trillion 265 billion 585 million lire with zihin increase of 77.3 percent.
At the end of October, the sector’s net profit for the period was TL 335 billion 918 million and the standard capital adequacy ratio was 19.23%.