While large segments of the population are rapidly impoverished by wrong economic policies, those who earn money from money, namely rentier, are living the most profitable period in history.
According to BRSA data, bank profits increased by 366 percent and broke a record with 433.5 billion TL. The most important factor in this record(!) was the growth in net interest income.
In Turkey, which has become a country of opportunity for banks, the interest lobby is getting stronger day by day.
The economic policies of the government, which impoverish the citizens and support the interest system, were also reflected in the data on banks.
According to the Banking Regulation and Supervision Agency (BDDK) data, banks increased their profits by 366 percent in 2022.
According to the data of the Interbank Card Center (BKM), the amount of payments made by credit cards increased by 110% annually and reached 2 trillion 954 billion TL in 2022.
In addition to all these, according to the regulation announced by the Ministry of Treasury and Finance in the past months, after April 1, POS devices were required in the workplaces.
The banks, which are also funded by the "low interest" policy of the Central Bank, distribute the money they receive to the markets with high-interest loans.
And yet, in Turkey, which is getting poorer day by day, banks are multiplying their profits with government support.
NET PROFIT OF BANKS IN 2022 433 BILLION 457 MILLION TL
Taking the lion's share of the country's economy, banks increased their profits by 366 percent according to the BRSA 2022 data.
The net profit of the banks was 433 billion 457 million TL in 2022, when industrialists, tradesmen, farmers and citizens, who contributed to the national income, made month-end accounts.
The fact that the banks, which made a profit of 92 billion 942 million TL in 2021 and 58 billion 503 million TL in 2020, almost quadrupled their profits last year shows how Turkey was handed over to the interest lobby.
On the other hand, according to BKM data, it is revealed how citizens were captured by banks in 2022.
According to the data announced by BKM, the total number of cards in banks increased by 17 percent in 2022 and reached 340 million.
In Turkey, where the number of credit cards has a population of 99.5 million, the amount of payments made by credit cards increased by 110% annually and reached 2 trillion 954 billion TL.
BANKS HAVING PLEASURE IN TURKEY
The government, which runs the country's economy through banks, has recently made a necessity for businesses that do not want to get involved with banks.
According to the decision taken by the Ministry of Treasury and Finance, a POS device is now required in every business and every workplace.
Within the scope of the decision announced on the grounds of tax and "preventing the unjust treatment of customers who have a negative response to their card payment request", POS devices will become mandatory for businesses as of April 1st.
In Turkey, which has become the country of opportunity for the interest rate lobby and banks, the Central Bank continues to fund banks within the scope of 'low interest'.
While the citizens, crushed by the economic crisis and inflation, are looking for a way out, the government's dragging Turkey into an interest swamp raises concerns about the future.