Page 22 - TURKRptJul21

6.0 Financial & capital markets 6.1 Bank sector overview
6.1.1 Loans
Mortgage-financed home sales plunged 43% y/y to only 11,000, accounting for 18% of all sales. In January-May, mortgage-financed sales dropped 54% y/y to 75,300 units.
6.1.2 NPLs
NPL
Monitoring
Problem
Performing
Total
NPL
Monitoring
Total
TRYbn
Stage 3
Stage 2
2+3
Equity
Stage 1
Loans
Ratio
Ratio
Ratio
Sep-2020
151
382
533
569
3,022
3,555
4.2%
10.7%
15.0%
Jan-2021
152
388
539
605
3,015
3,555
4.3%
10.9%
15.2%
Mar-2021
150
419
569
604
3,209
3,777
4.0%
11.1%
15.1%
May 21, 2021
149
3,796
3.9%
Major fire sales in Turkey
Date
Sold
Stake
Price
Buyer
Seller
Jun-21
882 private schools
-
-
tourism, health firms
-
Apr-21
Aydem Enerji (Bereket)
18.44%
TRY1.1-1.3bn
IPO
Aydem(Bereket/Ceyhan Saldanli)
Apr-21
Dogus REIT (DGGYO)
9.64%
in 1-year
@Borsa Istanbul
Dogus Holding (DGHOL)
Mar-21
Homes, cars
-
-
-
14% of business owners
Feb-21
Private schools
on sale
-
-
-
Jan-21
30 shopping malls
claim
claim
banks
fire sale/execution
Jan-21
Unnamed electricity grid
-
rumour
Actis/UK
-
Jan-21
Marmara Forum shopping mall
claim
claim
Akbank
Multi/Netherlands
Jan-21
2,000 hotels
on sale
-
-
-
Dec-20
Palladium Atasehir
full
-
Akbank
Tahincioglu
Nov-20
Istinye Park
30%
$300mn
Qatar sovereign fund
Dogus Holding
22 TURKEY Country Report July 2021 www.intellinews.com