ISTANBUL: The ratio of non-performing loans (NPLs) in Turkey’s banking sector stood at 4.36% at the of June, data from the BDDK banking watchdog showed on Tuesday, compared to 4.18% a month earlier.
The NPL ratio stood at 3.03% in June 2018. The BDDK estimates the ratio could surge to 6% at the end of the year, while other analysts have made higher estimations.
The total loans in the banking sector stood at 2.54 trillion lira ($455.46 billion) as of end-June, data showed. The net profit of the banking sector was at 24.8 billion lira, down 14.6% from the same period last year, data showed. ($1 = 5.5768 liras)