Turkish banks posted a net profit of 153.5 billion Turkish liras ($4.8 billion) in the first quarter of 2024, according to official data released on Monday.
Total assets of the banks amounted to 25.9 trillion liras ($803.9 billion) at end-March, the Banking Regulation and Supervision Agency (BRSA) said.
Loans, the largest sub-category of assets, amounted to 12.9 trillion liras ($401.8 billion) in three months to March.
On the liabilities side, deposits held at lenders in Türkiye-the largest liabilities item-totaled 15.5 trillion liras ($481 billion).
The sector's regulatory capital-to-risk-weighted-assets ratio-the higher the better-stood at 16.96% as of the end of March.
The ratio of non-performing loans to total cash loans-the lower the better-was 1.49%.
As of end-March, a total of 61 state/private/foreign lenders-including deposit banks, participation banks, and development and investment banks-were operating in Türkiye.
The sector had 210,170 employees working at 10,953 branches both in Türkiye and abroad, as well as 50,220 ATMs.
