According to the data compiled from the official data of the Banking Regulation and Supervision Agency, the net profit of the Turkish banking sector, which was 36 billion 152 TL in January-September period, reached 41 billion 300 million TL by the end of October.
BANKS ARE ALSO PROFITING
According to BRSA data, the total interest income of banks in the 10 months of the year, increased by 21.4 percent at the end of October compared to the same period last year exceeded 355 billion TL. At the end of October last year, this figure was 293 billion TL. Banks provided interest income of 272.1 billion TL from loans in January-October period. 52.3 billion TL of this income consumer loans, 12.1 billion TL credit cards, 31.4 billion TL installment commercial loans and 176.3 billion TL consisted of interest from other loans.
Banking sector, 4 billion 569 million TL in October last year, 3 billion 979 million TL in the same month in 2017 had achieved profits. On the other hand, banks' net profit of 45 billion 892 million TL in the January-October period of 2018 to 41 billion 300 million TL in the same period this year, the sector's 10-month profit declined by 10 percent.
Interest received from loans 272 billion TL
According to the data, the total interest income of banks in the 10 months of the year, increased by 21.4 percent compared to the same period last year at the end of October exceeded 355 billion TL. At the end of October last year, this figure was at the level of 293 billion TL. Banks, in January-October period of 272.1 billion TL of interest income from loans provided. 52.3 billion TL of this income consumer loans, 12.1 billion TL credit cards, 31.4 billion pounds installment commercial loans and 176.3 billion TL consisted of interest from other loans.
Banks' interest on deposits rose to 153 billion lira
Total interest expense of the banking sector increased by 30 percent in the 10 months of the year compared to the same period of 2018 and rose to 225 million TL. In the period in question, the amount of interest given to deposits by banks increased by 31.2 percent to 153 billion lira. 68 percent of total interest expenses to deposits and 10.9 percent of the interest given to banks. Net interest income of banks, as of the end of October, increased by 9.1 percent compared to the same period of the previous year was 130 billion TL.
Staff expenditure was 28.4 billion TL in 10 months
Total non-interest expenses of banks, increased by 14.1 percent compared to the same period last year at the end of October stood at 104.2 billion TL. During this period, 28 percent of non-interest expenses consisted of personnel expenses. Personnel expenses, increased by 24 percent at the end of October 22.4 billion TL rose to 28.4 billion TL. Banking sector, capital market transactions in the last 10 months of 38 billion pounds profit, while the same period this year, 18.6 billion TL loss.
Banking service revenue exceeds 40 billion TL
According to BRSA data, non-interest income of banks, as of the end of October reached 87.9 billion pounds. The share of fees and commissions received from non-interest income loans was 15 percent. Fees and commissions income increased by 41.8 percent compared to the end of last year's output was 13.2 billion TL. The amount of fees and commissions received over cash loans in the January-October period was calculated as 6.4 billion lira and the amount of non-cash loans received as 6.8 billion lira. Banks, income from services provided by the 10 months reached 40.9 billion TL. The share of income from banking services in total non-interest income approached to 40 percent.
Non-interest income of banks, 87.9 billion TL as of the end of October reached. The share of fees and commissions received from non-interest income loans was 15 percent.
They get commission from almost every item
Fees and commissions income, increased by 41.8 percent compared to the end of October last year was 13.2 billion TL. In the January-October period, the amount of fees and commissions received over cash loans was calculated as 6.4 billion lira and the amount of those received over non-cash loans was calculated as 6.8 billion lira. Banks, income from services provided by the 10 months reached 40.9 billion TL. The share of income from banking services in total non-interest income approached to 40 percent.