Turkish banking sector NPLs at 4.0% at end-January

ISTANBUL: The Turkish banking sector’s non-performing loans ratio stood at 4.03 per cent at the end of January, up from 2.94 per cent a year earlier, data from Turkey’s banking watchdog showed on Friday.

While its net profit decreased 29.4 per cent year-on-year to 3.2 billion lira ($597.99 million), it said. The sector’s loans grew 12.6 per cent to 2.38 trillion lira, the data showed, while deposits grew 19.4 per cent to 2.05 trillion lira.