Invest News Detail
Banking Regulation and Supervision Agency (BRSA) announced its Banking Sector Statistics 2019 Report on February 13. Accordingly, the total assets of the banking sector increased by 16.1 percent in 2019, reaching TRY 4.491 trillion (approximately USD 743 billion).
Loans accounted for 59 percent of total assets, while deposits comprised a 57 percent share in total liabilities. As of December 2019, the Turkish banking sector recorded a net profit of TRY 50 billion, return on equity (ROE) of 11.65 percent, return on assets (ROA) of 1.46 percent, non-performing loan (NPL) ratio of 5.35 percent, and capital adequacy ratio (CAR) of 18.40 percent.
Recovering growth performance, improvement in current account, falling inflation allowing rate cuts and recovering loan growth are all supportive for Turkish banks in 2020.