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MULTIMEDIA
May 27, 2012
 
 
 
 
 
 

Banks announce 41 pct profit incrase in Q3

6 November 2009 / TODAY'S ZAMAN WITH WIRES, ANKARA
The Banking Regulation and Supervision Agency (BDDK) has announced that the banking sector increased its profits by TL 4.58 billion in the third quarter compared to the same period of last year, a 41.1 percent increase, for a total of TL 15.72 billion in the first three quarters of the year.

According to the third quarter Turkish Bank Sector Overview published by the BDDK, this increase in profits stemmed from increases in interest payments and capital market activities, despite the growth in non-performing loans.

By September 2009, banks’ assets had increased by 9 percent, to TL 798.4 billion, with a decrease of 0.6 percent in foreign exchange assets and an increase of 14.1 percent in lira assets compared to the end of 2008.

Compared to the end of 2008, the total amount of lending in the banking sector increased by 2.3 percent, for a total of TL 355.7 billion. Lending in lira decreased from September 2008 to March 2009, but has been increasing ever since. According to the report, lending has increased by TL 7.1 billion, with September showing the largest increase in a year.

 
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