The net profit of the banking sector increased by 45 percent in 11 months.

Strong Growth in the Banking Sector

In the first 11 months of the year, the net profit of the banking sector reached 842.8 billion lira, showing a 45% increase compared to the same period of the previous year. This significant growth is directly related to the vitality of the Turkish economy and the expansion of the credit volume.

Total Assets Reached 45 Trillion Lira

As of November 2024, the sector's total assets increased to 45 trillion lira, marking a 44% rise from 31.2 trillion lira. The loans, which are the most important asset item for banks, rose from 15.45 trillion lira to 22.17 trillion lira, continuing to be the main driver of growth.

Increase in Capital Adequacy

The capital adequacy ratio that banks establish as a precaution against potential risks increased from 18% to 19%, while the core capital adequacy ratio rose from 14% to 15%. This increase enhances the sector's resilience against adverse economic conditions.

Changes in Loan Quality

On the other hand, the ratio of non-performing loans to total cash loans increased from 1.80% in November 2024 to 2.43%, indicating that despite the significant increase in the credit volume, there has been limited change in asset quality.