Turkish banking sector net profit reaches $19.9 billion in November

Türkiye's banking sector reported robust financial results for November, with net profits reaching ₺842.84 billion ($19.92 billion), according to data released by the Banking Regulation and Supervision Agency (BDDK) on Monday. This represents a 17.3% increase compared to the same month last year, underscoring the sector's resilience amid ongoing economic normalization.

Sector Assets and Key Metrics

Total assets grew to ₺44.97 trillion ($1.06 trillion) by the end of November. Loans, the largest asset component, amounted to ₺22.17 trillion ($524.2 billion), while deposits—the main liability item—totaled ₺26.06 trillion ($616.5 billion). The sector’s regulatory capital‑to‑risk‑weighted‑assets ratio, a key measure of financial strength, rose to 19.2%, well above the regulatory minimum. The non‑performing loan (NPL) ratio remained low at 2.43%, reflecting sustained credit discipline.

Structural Overview

As of November, the Turkish banking sector comprised 67 banks, including state, private, foreign, deposit, participation, and development/investment institutions. The sector employed 211,244 staff across 10,747 domestic and international branches, highlighting its scale and extensive service network.