Monday , June 27 2022

A decrease of 12% in the net profit of the banking sector



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Net profit of the banking sector fell 12% to 12.35 billion pounds in the first quarter.

Photo: Reuters

According to world news, lending of the sector grew by 15 percent compared to the first quarter of 2.52 trillion TL, while the same period of the same period increased by 24.2 percent reached 2.2 trillion Liras.

The size of the sector's property increased to 4.14 trillion pounds.

The rate of non-performing loans by the banking sector, which totaled 2.90% in March 2018, rose to 4.04% in March.

The capital adequacy ratio, which was 17% in March last year, stood at 16% in March this year.

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