Page 52 - TURKRptOct19

projections, the authorities appear to be reckoning with a real appreciation of the lira.
If the government is betting on an export-led recovery from recession-marred 2019 in 2020, it appears that they won’t be depending on weakening the currency to achieve it.
After six days of gains, the TRY was set to finish October 1 with losses as the day came to a close. At 23:00 Istanbul time, the lira was weaker by 1.25% against the dollar, standing at 5.7193. The currency strengthened by 2.5% in the third quarter—it was by some way the biggest advance made by any emerging markets currency.
8.0 Financial & capital markets 8.1 Bank sector overview
Turkish banking industry
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Assets (TRY tn)
3.86
3.94
4.14
4.29
4.27
4.23
4.17
4.27
Loans (TRY tn)
2.38
2.42
2.52
2.56
2.55
2.54
2.49
2.54
Gross NPL (TRY bn)
100
104
106
109
111
116
120
124
NPL Ratio (%)
4.03
4.11
4.04
4.05
4.18
4.36
4.57
4.64
Deposits (TRY tn)
2.05
2.10
2.21
2.27
2.27
2.27
2.26
2.35
Equity (TRY bn)
426
433
433
440
439
449
455
456
Net profit (TRY bn)
3.20
6.48
12.4
16.2
19.7
24.8
28.2
32.8
NII (TRY bn)
10.0
20.5
34.6
48.1
61.1
73.4
85.6
100.4
ROA (%)
0.08
0.17
0.31
0.40
0.48
0.60
0.68
0.79
ROE (%)
0.77
1.53
2.92
3.82
4.67
5.86
6.67
7.76
Capital to Assets (%)
11.0
11.0
10.5
10.3
10.3
10.6
10.9
10.7
CAR (core) (%)
14
14
13
13
13
13
14
14
source: bddk
52 TURKEY Country Report October 2019 www.intellinews.com