Turkey’s banking watchdog, the Banking Regulation and Supervision Agency (BDDK), has published the statistics for Turkey’s banking sector as of the end of August 2020. Total assets have increased 36.9% to TL 5,845,786 million (USD 797.5 billion) compared with the same month of the previous year. The largest asset figure is total loans which have increased 37.3% to TL 3,481,901 million (USD 475 billion). On the liabilities side, total deposits are TL 3,317,591 million (USD 452.6 billion), an increase of 40.9%. Net profit totalled TL 42.9 billion (USD 6.5 billion), an increase of 30.8% on the same period of the previous year.
The figure for non-performing loans as of August 2020 is TL 150,867 million (USD 20.6 billion), which is 4.15 of total loans, which compares with 4.65% for the same month of the previous year.
The USD rate was TL 7.33 in August 2020, compared with TL 5.82 for the same month of the previous year. The average USD rate for the first eight months of 2020 is TL 6.63.
A total of 54 state/private/foreign lenders, including deposit banks, participation banks, and development and investment banks, conduct banking activities in Turkey as of March 2020. The sector has 188,164 employees, serving through 10,161 branches both in Turkey and at overseas locations.