ANKARA
The net profit of Turkey’s banking sector totaled 36.2 billion Turkish liras ($6.4 billion) in January-September, the country’s banking watchdog said Wednesday.
The figure was down 12.5% on an annual basis in the first nine months of this year, the Banking Regulation and Supervision Agency (BDDK) data showed.
Total assets of the sector amounted to 4.27 trillion Turkish liras ($758.8 billion), rising by 1.5% over the same period last year.
Banking sector’s total loans — the biggest sub-category of assets — fell by 2.2% year-on-year to hit 2.53 trillion Turkish liras ($449.8 billion) in the January-September period.
Read more: Turkey: Banking sector net profit at $6.4B in Jan-Sept
