NEWS Finance        30/07/2020

Turkey’s non-performing loans are USD 22 billion, 4.43% of total loans as of June 2020

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 April 2020. Total assets have increased 26.5% to TL 5,355,653 million (USD 781.8 billion) compared with the same month of the previous year. The largest asset figure is total loans which have increased 28.3% to TL 3,257,797 million (USD 475.6 billion). On the liabilities side, total deposits are TL 3,059,927 million (USD 446.7 billion), an increase of 34.6%. Net profit totalled TL 30.9 billion (USD 4.8 billion), an increase of 24% on the same period of the previous year.


The figure for non-performing loans as of June 2020 is TL 150,906 million (USD 22 billion), which is 4.43 of total loans, which compares with 4.38% for the same month of the previous year.


The USD rate was TL 6.85 in June 2020, compared with TL 5.76 for the same month of the previous year. The average USD rate for the first half of 2020 is TL 6.48.


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.


Turkey’s net minimum wage has been raised 15.04% to TL 2,324.70 (USD 391) as of 01.01.2020       Migration communication helpline 157 available for foreigners in Turkey       Read our homepage articles on developments in the Turkish economy       Turkey’s annual inflation rate falls back to 11.76% in July 2020       Turkey’s official unemployment rate increases marginally to 12.9% in May 2020       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 83,154,997 as of 2019 yearend       Foreigners visiting Turkey in 2019 increase by 14.1% to a record 45.1 million       Turkey’s private sector foreign debt is USD 189.8 billion as of 2019 yearend       Turkey’s economy grew by 0.9% in 2019