• About Us
  • Be A Columnist
  • Advertisement
  • Contact
Wednesday, March 22, 2023
  • Login
No Result
View All Result
GET NOTIFIED!
EchoTurkey - Voice of Turkey | News, Politics, Opinions & Business
15 °c
Istanbul
12 ° Fri
11 ° Sat
11 ° Sun
13 ° Mon
13 ° Tue
14 ° Wed
  • Home
  • Turkey
  • Americas
  • Europe
  • Mid-East
  • Business
  • Economy
  • Tech
  • Life
  • Sports
  • Opinion
  • Home
  • Turkey
  • Americas
  • Europe
  • Mid-East
  • Business
  • Economy
  • Tech
  • Life
  • Sports
  • Opinion
No Result
View All Result
EchoTurkey - Voice of Turkey | News, Politics, Opinions & Business
No Result
View All Result
Home Economy

Local banks report 48.5 bln liras of net profit in January-August

ISTANBUL

October 1, 2021
in Economy
Reading Time: 1 min read
0 0
A A
0
Local banks report 48.5 bln liras of net profit in January-August
ADVERTISEMENT
Share on FacebookShare on TwitterShare on WhatsappShare on Linkedin

SimilarPosts

Turkey urges Taliban for inclusive administration

Turkey appoints new deputy Central Bank governor

Turkey to take all necessary steps: Defense minister on terror attacks in N Syria

Turkey to buy 4 firefighting planes following summer wildfires

Turkish banks managed to increase their net profit by 12.8 percent on an annual basis to 48.5 billion Turkish Liras (around $5.5 billion) in Turkish banks managed to increase their net profit by 12.8 percent on an annual basis to 48.5 billion Turkish Liras (around $5.5 billion) in the first eight months of 2021, data from the banking sector watchdog have shown.first eight months of 2021, data from the banking sector watchdog have shown.

The Banking Regulation and Supervision Agency (BDDK) reported that the total assets of the banking sector grew by nearly 694 billion liras – or 11.4 percent – from end-2020 to stand at 6.8 trillion liras as of end-August while loans extended by lenders, which are the largest items in assets, increased by 9.3 percent over the same period to climb to 3.9 trillion liras.

Banks’ securities portfolio also exhibited a nearly 13 percent rise compared with end-2020 to stand at 1.15 trillion liras as of end-August.

Interest income banks collected from credits increased by 36 percent on an annual basis to 199 billion liras, while interest revenues from credit cards soared 102 percent to 6.7 billion. Interest payments to deposits rose by 115 percent from a year ago to 70.7 billion liras and lenders’ net interest income declined 10 percent on an annual basis to 148 billion liras in January-August.

The watchdog also reported that the non-performing loans/total loans ratio in the banking industry was 3.67 percent as of end-August, improving from the 4.1 percent a year ago.

The capital adequacy ratio, however, dropped to 17 percent from 19 percent.

There were 53 banks operating in Turkey as of end-August. The number of bank branches in the country declined to 11,080 from 11,213, while the number of employees in the banking sector dropped to 200,900 from 202,000.

source

 

 

ShareTweetSendShare
ADVERTISEMENT
Previous Post

Greece acknowledges Turkey’s role in managing migration crisis

Next Post

Turkey’s Balkan Textile Fair kicks off in Serbia

Related Posts

Turkey’s auto production, exports up in January-September period

Turkey’s auto production, exports up in January-September period

October 11, 2021
Turkey’s unemployment rate at 12.1% in August

Turkey’s unemployment rate at 12.1% in August

October 11, 2021
Turkey faces no gas supply problem: Minister

Turkey faces no gas supply problem: Minister

October 11, 2021
Denmark aims for €5 bln trade volume with Turkey: Envoy

Denmark aims for €5 bln trade volume with Turkey: Envoy

October 3, 2021
Turkey’s electricity consumption up 0.33 pct in Sept 2020

Turkey’s electricity consumption up 0.33 pct in Sept 2020

October 3, 2021
Turkey’s Balkan Textile Fair kicks off in Serbia

Turkey’s Balkan Textile Fair kicks off in Serbia

October 1, 2021
Next Post
Turkey’s Balkan Textile Fair kicks off in Serbia

Turkey's Balkan Textile Fair kicks off in Serbia

Discussion about this post

Facebook Twitter Youtube Instagram RSS

About Us

EchoTurkey is an independent institution.

Our primary target is to present news, reports, analysis, evaluations, opinions and comments about matters that are related to Turkish Republic. EchoTurkey is a window through which you can look into Turkey and also you can look at the world from the Turkish perspective.

If you have any further questions, please feel free to contact us on: [email protected]


A brand of Forionne Media Group.

 

Categories:

  • Africa
  • Americas
  • Art-Culture
  • Arts
  • Asia
  • Asia Pacific
  • Automotive
  • Basketball
  • boxer
  • Business
  • Cinema
  • Defense
  • Diaspora
  • Diplomacy
  • Economy
  • Education
  • Elections
  • Energy
  • Environment
  • EU Affairs
  • Europe
  • Events
  • Expat Corner
  • Fashion
  • Feature
  • Finance
  • Football
  • Health
  • History
  • Investigations
  • Islamophobia
  • Istanbul
  • jerusalem
  • Legislation
  • Life
  • Magazine
  • MEA
  • Mid-East
  • middle-east
  • Minorities
  • Motorsports
  • Music
  • News
  • News Analysis
  • Op-Ed
  • Opinion
  • Performing Arts
  • perspectives
  • Politics
  • Portrait
  • Religion
  • Reviews
  • Science
  • Soft News
  • Sport
  • Sports
  • Syrian Crisis
  • Tech
  • Tennis
  • Tourism
  • Transportation
  • Travel
  • Turkey
  • Uncategorized
  • War On Terror
  • World

Topics:

Americas (506) Ankara (789) Arts (341) Asia (2852) china (468) Coronavirus (2052) Covid-19 (842) Covid-19 Outbreak (2206) Covid-19 Pandemic (471) Donald Trump (397) Economy (279) erdogan (357) europe (634) European Union (519) football (252) France (386) Germany (476) greece (373) Homepage (3593) India (247) Iran (372) Iraq (283) Israel (283) Istanbul (728) Khalifa Haftar (262) Libya (290) Mevlüt Çavuşoğlu (275) MIDDLE EAST (306) Northern America (439) pandemic (301) Pkk (465) Politics (697) President (385) Recep Tayyip Erdogan (418) Russia (719) Saudi Arabia (272) Sports (463) Syria (951) Terrorism (257) Turkey (6124) United Nations (321) United States (1145) United States of America (463) Western Asia (2616) world (247)

© 2005 - 2020 Forionne.Media - Designed with love by Forionne.IT.

No Result
View All Result
  • Home
  • Turkey
  • Americas
  • Europe
  • Mid-East
  • Business
  • Economy
  • Tech
  • Life
  • Sports
  • Opinion

© 2005 - 2020 Forionne.Media - Designed with love by Forionne.IT.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In