The economy is struggling with the wounds of last year's troubles. Tradesmen and craftsmen are trying to survive with loans that the state guarantees and accords interest. Citizen is struggling to bring the end of the month in a mortgage on credit and credit cards. And in this fragile economic landscape again and again their faces are laughing ... Rantis earns as much as he earns from interest, and earns the highest first 6 months of "all time". The interest-bearing economy is as beautiful as ever!
ALL TIME HIGH PROFITS
According to the BRSA data, the banking sector achieved "all time high" profit in the first half of this year. Sector, in the first six months, an increase of 33.2 percent compared to the previous year made a profit of 25.4 billion pounds. The industry has thus achieved the full profits of 2014 in the first six months of 2017. The sector had a net profit of 24.6 billion pounds in 2014. 26 billion in 2015 and 37.5 billion pounds in 2016 were written to the profit of the banks.
7 BANKS AT TOP 20
The first 20 companies listed on the stock exchange in Istanbul were Garanti Bank, which left Koç Holding behind in the first place. Seven of the top 20 most valuable companies were also made up of banks.
INTERESTS IS MEDICINE FOR BANKS
The biggest share of the banks' profit record came from interest income as usual. The interest income of the sector increased by 22.8 percent compared to the first 6 months of last year and reached 115 billion TL. After the interest expenses were lowered, the net interest income of the banks increased by 28.4 percent compared to the previous year and was 55.2 billion liras.
The banking sector reached the highest first half of all time with 25.4 billion pounds profit in the first half of this year. The net interest income of the banks increased by 28.4 percent compared to the previous year and reached 55.2 billion lira.
According to the information provided by the Banking Regulation and Supervision Agency (BRSA), the total interest income of banks in the first half of this year increased by 22.5 percent compared to the same period of 2016.
Interest income of 93 billion 859 million pounds in the January-June period of last year, the same period of 2017 compared to the previous year increased by 22.8 percent rose to 114 billion 953 million liras.
Interest income of the banks in the first 6 months of the loan received 92 billion 551 million pounds. This income was realized by consumer loans of 22.3 billion liras, credit cards of 4.4 billion liras, installment commercial loans of 13.2 billion liras and other loans of 52.6 billion liras
Interest received.
The total interest rate of the sector increased by 17.4 percent in January-June period of 2016 compared to the same period of the previous year, from 50.9 billion liras to 59.8 billion liras. Thus, the net interest income of the banks increased by 28.4 percent in the first six months of the year compared to the same period of the previous year, reaching 55.2
Billions of pounds.
4 BILLION LIRAS FROM FEE AND COMMISSION
According to the BRSA data, non-interest income of banks increased by 6 percent in January-June period of this year compared to the same period of 2016 and reached 27 billion 202 million TL.
The share of fees and commissions received from non-interest income loans was 14.8 percent. Revenues from wages and commissions increased by 17.8 percent over the same period last year, reaching 4 billion liras.
ALL TIMES' RECORD!
The Turkish banking sector achieved a net profit of 25 billion 355 million TL in the first half of this year. The net profit, which indicates a 33.2 percent increase compared to the same period of last year, was 19 billion 33 million pounds in the first 6 months of last year.
On the other hand, the net profit in the first half of this year was recorded as the highest first-half net profit in all times, while the net profit of 24 billion 610 million liras in 2014 was exceeded. The sector achieved a net profit of 37 billion 530 million liras and 26 billion 52 million liras in 2016 and 2015, respectively.