Blog: Turkey’s banking sector H1 net profit surges 400% | Daily Sabah – Daily Sabah

The net profit of Turkey’s banking sector leaped 400% from a year earlier to TL 169.15 billion ($9.42 billion) in the first half of the year, the banking watchdog said on Wednesday.

As of end-June, sector loans totaled TL 6.3 trillion while the sector’s capital adequacy ratio was 18.05%, the Banking Regulation and Supervision Agency (BDDK) data showed.

The non-performing loans (NPL) ratio of loans was 2.49% as of June.

In the same period of last year, this rate was recorded as 3.66%.

The capital adequacy ratio and the core capital adequacy, meanwhile remained the same from the same period of the previous year, at 18% and 14%, respectively.

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