Remarkable Growth in the Banking Sector

According to data released by the Banking Regulation and Supervision Agency (BRSA), the net profit of the banking sector reached 583 billion 121 million lira by the end of November. This development reflects significant progress in the sector's financial performance throughout the year.

Significant increase in asset size The BRSA's report on "Consolidated Non-Consolidated Key Indicators of the Turkish Banking Sector" for November 2024 shows that the sector's total assets increased by 7 trillion 609 billion 271 million lira compared to the end of 2023, reaching 31 trillion 160 billion 158 million lira. This increase indicates notable growth in bank assets over the year.

As of November, loans, which are the largest asset item in the sector, were recorded at 15 trillion 459 billion 28 million lira. The total securities amount stood at 5 trillion 85 billion 840 million lira. The ratio of non-performing loans was set at 1.80%, suggesting a generally healthy structure in loan recoveries.

Increase in deposits and equity Deposits, the largest source of funds within banks, increased by 22.4% compared to the end of 2023, reaching 18 trillion 174 billion 650 million lira. This increase in deposits indicates that confidence in the banking system continues.

During the same period, total equity rose by 27.7%, reaching 2 trillion 749 billion 114 million lira. This increase demonstrates that the financial structures of banks have strengthened and that capital adequacy has improved.

Capital adequacy ratio stands out As of the end of November, the sector's standard capital adequacy ratio was recorded at 18.29%. This ratio indicates that banks have strong risk management capacities and are prepared for potential economic fluctuations. The performance of the banking sector demonstrates that strategic steps taken throughout the year and economic conditions have been managed effectively.