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6.0 Financial & capital markets 6.1 Bank sector overview
6.1.1 Earnings
The combined net profit of Turkish banks declined by 45% y/y to TRY4.34bn (around €497mn) in January, according to data from the country’s banking regulator BDDK.
Total assets of the banking industry rose 33% y/y but fell 1% compared with the end of 2020 to stand at TRY6 trillion, while deposits collected by lenders rose nearly 32% to TRY3.4 trillion.
Loan volumes climbed by 32% on an annual basis to reach TRY3.6 trillion in the first month of 2021.
There are 51 lenders including deposit banks, participation banks and development and investment banks in Turkey.
6.1.2 Loans
23 TURKEY Country Report April 2021 www.intellinews.com