Turkey: Banking Sector Improves Profitability

Published: August 6, 2013; 22:06 · (Vindobona)

In the first six months of 2013, net income of Turkey´s banking sector was up by 20%.

Turkey: Banking Sector Improves Profitability / Picture: © Flickr

Compared to the reference period of 2012, Turkey´s banks recorded an increase in net income by 19.7%. In total, net income reached € 6.0bn. The positive development was mainly due to the increase in the net interest margin. At the end of June, total assets of the Turkish banking sector came at EUR 600bn. Compared to the end of December 2012, total assets jumped 11%.

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