As the fact that the government authorities in 2016 passed "very bad" in terms of economy as a reality, the banks of the monolithic monetary system were laid once again. 10 deposit banks traded on the Borsa last year's profit by 47.5 percent compared to 2015'da 25.2 billion pounds realized.
NET PROFITS 25 BILLION 246 MILLION 154 THOUSAND TURKISH LIRAS
The total unconsolidated assets of Akbank, DenizBank, Garanti Bank, Halkbank, ICBC Turkey Bank, Türkiye İş Bankası, QNB Finansbank, Şekerbank, VakıfBank and Yapı Kredi, which traded on the Bourse, reached TL 1 trillion 800 billion by December last year. That figure was up 15.6 percent from the end of 2015. 10 deposit banks' net profit in 2016 rose by 47.3 percent compared to the previous year, reaching 25 billion 246 million 154 thousand liras.
Total assets of Akbank, DenizBank, Garanti Bank, Halkbank, ICBC Turkey Bank, Türkiye İş Bankası, QNB Finansbank, Şekerbank, VakıfBank and Yapı Kredi, which are traded on the stock exchange, reached TL 1 trillion 800 billion as of December last year. That figure was up 15.6 percent from the end of 2015. The 10 year deposit bank traded on the exchange Istanbul reached a net profit of 25 billion 246 million 154 thousand by increasing by 47.3 percent compared to the previous year.
Banks traded on the stock exchange exceeded 192 billion liras by 13.7 percent compared to 2015 by the end of last year, while the average equity return was 13.9 percent.
GARANTI IS IN THE FIRST PLACE
Banks Within the deposit banks in İstanbul, Garanti Bank obtained the highest net profit of 5 billion 71 million TL in 2016. Akbank followed Garanti with 4 billion 701 million liras in net profit and Akbank with 4 billion 528 million liras.
DenizBank, which increased its net profit the most in the previous year according to 2015, was DenizBank. DenizBank, whose profit growth was 84.8 percent, followed by QNB Finansbank with 70.5 percent and Yapı Kredi with 57.6 percent.
Akbank was the bank with the highest average equity return. As of December 2016, Akbank's average equity return was 15.7 percent, followed by Garanti Bank with 15.3 percent and VakıfBank with 15 percent.
ICBC Turkey Bank, which lost 17 million liras in the previous year, generated a net profit of 13.7 million liras in 2016.
THE HIGHEST PROFITABILITY SINCE 2012
Analysts said the banks could increase their profitability in 2016 by lowering the required reserve ratios of the Central Bank, decreasing the ratios of the BDDK in needs and automobile loans, and the effect of one-time Visa revenues on some banks.
Turkey Macro View (TMV) Consulting Managing Director Ferhat Yükseltürk stated that the banking sector has achieved the highest return on equity and return to profitability since 2012. In addition to the moderate increase in net interest incomes, this performance is also an important factor in the improvement in profitability, as well as the decrease in general reserves and active sales, as well as the postponement of the operational costs of banks in the last 3 years, which focuses on improving efficiency in order to overcome problems in profitability.
NET PROFIT
Banks traded on the stock exchange exceeded 192 billion liras by 13.7 percent compared to 2015 by the end of last year, while the average equity return was 13.9 percent.