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According to the Banking Regulatory and Supervisory Agency (BRSA), the total asset size of the Turkish banking sector amounted to 3 trillion 990 billion 510 billion pounds in late October.
The BRSA has published a report on "Key Non-Consolidated Indicators of the Turkish Banking Sector" for October. According to the report, the assets of the Turkish banking sector accounted in October 3 billion 990 billion 510 billion pounds. The total assets of the sector increased by 732 billion TL 668 million compared to the end of 2017.
During this period, the main asset consisted of loans of £ 2,000,462 million £ 745 million and £ 475 billion £ 585 million of securities. The size of the sector's assets increased by 22.5%, loans by 17.4% and securities by 18.4% compared to the end of last year. The loan-to-equity ratio was 3.5% in October.
NET BENEFIT OF THE SECTOR WAS $ 45 BILLION FROM 895 MILLION LIRA
In the banks' resources, the deposit, which is the largest source of financing, increased by 20.4% compared to the end of last year and amounted to 2 trillion 60 billion 472 million Turkish lira .
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By the end of 2017, total equity increased by 14.2% to 410 billion 206 million lire. In October 2018, the net profit of the sector amounted to TL 45 billion 895 million and the standard capital ratio to 18.2%.
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