Turkish Banking: $17.9B October Profit | 18% Growth
Turkish Banking Sector Records $17.9B Net Profits in October
ISTANBUL — Türkiye's banking sector posted net profits of 751.6 billion Turkish liras ($17.95 billion) in October, marking an 18% increase compared to the same month last year, according to the Banking Regulation and Supervision Agency (BDDK).
The sector's total assets reached 44.1 trillion TL ($1.05 trillion) at the end of October. Loans, the largest asset category, totaled 21.58 trillion TL ($515.8 billion), while deposits amounted to 25.36 trillion TL ($606.26 billion).
Banks strengthened their financial stability:
- The regulatory capital-to-risk-weighted-assets ratio rose to 18.87%
- The non-performing loans ratio remained low at 2.39%
By October, 67 banks—including state, private, foreign, participation, and development & investment banks—operated 10,765 branches domestically and internationally, employing 211,184 staff.
The figures highlight the continued growth and resilience of Türkiye's banking sector amid evolving economic conditions.
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