ISTANBUL (CIHAN)- Banking sector profits in
The BDDK said the main reason behind the increase in profits was the rise in net interest rate profits.
The data also showed that 49 Turkish banks employed 214,263 workers in over 11,986 branches nationwide in 2013. According to the report, the increase in employment and the number of branches in 2013 was the highest since 2009. The total assets of the banking sector also increased by 26.4 percent year-on-year, totaling over TL 1.7 trillion.
The amount of loans given out by banks went up by TL 252.7 billion at the end of 2013, compared to the same period a year before, with the 2013 value totaling TL 1.04 trillion, making up 60.5 percent of all assets of the sector. The banking sector grew by 4.2 percent in the first quarter, 7 percent in the second quarter and 7.9 percent in the third.
According to the data, a decline was seen in credit card debt via installment options since September, with the share of credit card debt via installments in total credit card debt reaching 56.7 percent. In addition, non-performing loans in the sector increased by TL 6.2 billion in 2013 year-on-year, totaling TL 29.6 billion. Banks' securities also went up by 6.2 percent in 2013 compared to 2012 and increased to TL 286.7 billion.
The amount of funds in Turkish banks provided by foreign banks also grew in 2013, experiencing an increase of 23.7 percent year-on-year and reaching approximately TL 138.2 billion in 2013. Equities in the sector amounted to TL 194 billion in 2013.
ARABASLIK Consumer loans, credit card use up in Jan.
Consumer loans went up by 0.52 percent in the week of
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