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                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
 
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