Page 53 - TURKRptOct19

8.1.1 Earnings
The combined net profit of Turkey’s banking industry was Turkish lira (TRY) 32.8bn ($5.65bn) in January-August, state news service Anadolu Agency reported the country's banking watchdog as saying on September 30.
That compares to the full-year 2018 net profit of TRY53.5bn, up 10% y/y.
Total assets of the sector reportedly dropped 4.88% y/y to 4.27 trillion lira, the Banking Regulation and Supervision Agency said. Loans were down 6.13% on a yearly basis to 2.53 trillion.
On the liabilities side, deposits held at lenders in Turkey stood at 2.35 trillion lira in the eight-month period, marking an annual gain of 5.74%.
The dollar/TRY rate was around 5.81 at the end of August this year, compared to TRY6.42 at the end of the same month in 2018.
Other reported data showed the banking sector's regulatory capital-to-risk- weighted-assets ratio was 17.93% in August, versus 17.34% in the same month last year.
Non-performing loans (NPLs) to total cash loans was 4.64% in August, against 2.85% a year ago.
53 TURKEY Country Report October 2019 www.intellinews.com