The asset size of the banking sector reached TL 12 trillion

The net profit of the banking sector was 38 billion 715 million TL in July. The sector had a net profit of 40.2 billion TL in the same period last year. Since January, the sector’s net profit has increased by 505 percent.

According to the data announced by the Banking Regulation and Supervision Agency (BDDK), the asset size of the sector was 12 trillion 304 billion 480 million liras in July. While the total assets of the sector increased by 3 trillion 89 billion 18 million TL compared to the end of 2021, the proportional equivalent of this was 33.5 percent.

Growth in OECD and G7 economies

In July, compared to the end of 2021, loans, the largest asset item of the sector, increased by 32.9 percent to 6 trillion 511 billion 631 million liras, and the total securities increased by 38.0 percent to 2 trillion 37 billion 307 million liras. In this period, the NPL ratio of loans stood at 2.42 percent.

Deposits, which are the largest source of funds among banks’ resources, increased by 40.6 percent in July compared to the end of 2021 and rose to 7 trillion 457 billion 718 million liras.

In the same period, the total equity reached 1 trillion 48 billion 288 million liras with an increase of 46.8 percent. As of the end of July, the sector’s net profit for the period was 207 billion 860 million TL, and the capital adequacy standard ratio was 18.02 percent.

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