The “Unconsolidated Main Indicators of the Turkish Banking Sector” report for the period of December 2022 was published by the Banking Regulation and Supervision Agency (BDDK).
According to the report, the asset size of the banking sector in December amounted to 14 trillion 344 billion 402 million liras. While the total assets of the sector increased by 5 trillion 128 billion 939 million liras compared to the end of 2021, the proportional equivalent of this was 55.7%.
Compared to the end of 2021 in December, loans, the largest asset item of the sector, increased by 54.7 percent to 7 trillion 580 billion 668 million liras, and the total securities increased by 60.5 percent to 2 trillion 370 billion 22 million liras. In this period, the NPL ratio of loans stood at 2.10 percent.
Deposits, which are the largest source of funds among banks’ resources, increased by 67.1 percent in December compared to the end of 2021 and rose to 8 trillion 861 billion 858 million liras.
In the same period, the total equity reached 1 trillion 407 billion 74 million liras with an increase of 97.1 percent. As of the end of December, the sector’s net profit for the period was 433 billion 457 million TL, and the capital adequacy standard ratio was 19.46 percent.
Source: TRT Haber