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Turkish banks posted a net profit of 153.5 billion Turkish liras ($4.8 billion) in the first quarter of 2024, according to official data released on Monday, APA reports citing Anadolu Agency. Total assets of the banks amounted to 25.9 trillion liras ($803.9 billion) at end-March, the Banking Regulation and Supervision Agency (BRSA) said. Loans, the largest sub-category of assets, amounted to 12.9 trillion liras ($401.8 billion) in three months to March. On the liabilities side, deposits held at lenders in Türkiye - the largest liabilities item - totaled 15.5 trillion liras ($481 billion). The sector's regulatory capital-to-risk-weighted-assets ratio - the higher the better - stood at 16.96% as of the end of March. The ratio of non-performing loans to total cash loans - the lower the better - was 1.49%. As of end-March, a total of 61 state/private/foreign lenders - including deposit banks, participation banks, and development and investment banks - were operating in Türkiye. The sector had 210,170 employees working at 10,953 branches both in Türkiye and abroad, as well as 50,220 ATMs.
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