{"id":3310,"date":"2025-02-03T04:57:21","date_gmt":"2025-02-03T01:57:21","guid":{"rendered":"https:\/\/relinvestmentsgroup.com\/?p=3310"},"modified":"2025-02-03T04:57:21","modified_gmt":"2025-02-03T01:57:21","slug":"chistaya-pribyl-bankovskogo-sektora-turtsii-v-2024-godu-sostavit-18-8-mlrd","status":"publish","type":"post","link":"https:\/\/relinvestmentsgroup.com\/en\/chistaya-pribyl-bankovskogo-sektora-turtsii-v-2024-godu-sostavit-18-8-mlrd\/","title":{"rendered":"Turkish banking sector sees $18.8B net profits in 2024"},"content":{"rendered":"<p><\/p>\n<p class=\"p1\">Total banking sector assets up 38.7% year-on-year as of end-2024, according to banking watchdog.<\/p>\n<p class=\"p1\">Net profits of T\u00fcrkiye&#8217;s banking sector totaled 658.97 billion Turkish liras ($18.77 billion) in 2024, the country&#8217;s banking watchdog.<\/p>\n<p class=\"p1\">The banking sector&#8217;s net profits climbed 6.2% compared to 2023, according to Banking Regulation and Supervision Agency (BDDK) data.<\/p>\n<p class=\"p1\">Total assets of the sector were 32.67 trillion liras ($929.59 billion) as of end-December, soaring 38.7% on a yearly basis.<\/p>\n<p class=\"p1\">Loans, the biggest sub-category of assets, totaled 16 trillion liras ($457.03 billion), soaring 37.1% on an annual basis.<\/p>\n<p class=\"p1\">Deposits held at lenders in T\u00fcrkiye \u2013 the largest liabilities item \u2013 totaled 18.9 trillion Turkish liras ($538.47 billion), jumping 27.3% from January-December the previous year.<\/p>\n<p class=\"p1\">Pointing to lenders&#8217; minimum capital requirements, the banking sector&#8217;s regulatory capital-to-risk-weighted-assets ratio \u2013 the higher the better \u2013 was 19.07 by end-2023, up from 19.69% in December 2024.<\/p>\n<p class=\"p1\">The ratio of non-performing loans to total cash loans \u2013 the lower the better \u2013 stood at 1.78% in the same period, versus 1.6% a year ago.<\/p>\n<p class=\"p1\">As of end-2024, a total of 61 state\/private\/foreign lenders \u2013 including deposit banks, participation banks, and development and investment banks \u2013 operated in the Turkish banking sector.<\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Total banking sector assets up 38.7% year-on-year as of end-2024, according to banking watchdog. Net profits of T\u00fcrkiye&#8217;s banking sector totaled 658.97 billion Turkish liras ($18.77 billion) in 2024, the country&#8217;s banking watchdog. The banking sector&#8217;s net profits climbed 6.2% compared to 2023, according to Banking Regulation and Supervision Agency (BDDK) data. Total assets of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3311,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/Turkey-banks-33-1131x445.webp",1131,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/Turkey-banks-33-463x348.webp",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/Turkey-banks-33-300x181.webp",300,181,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/Turkey-banks-33.webp",1131,683,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=3310"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3310\/revisions"}],"predecessor-version":[{"id":3312,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3310\/revisions\/3312"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/3311"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=3310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=3310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=3310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}