January 30, 2020 / 11:38 AM / 24 days ago

Turkish banking sector NPL ratio at 5.33% at end-2019 -watchdog

ISTANBUL, Jan 30 (Reuters) - The non-performing loans (NPLs) in Turkey’s banking sector rose to 5.33% at the end of 2019, the BDDK banking watchdog said on Thursday, compared to 3.87% a year earlier.

Turkish banks recorded a net profit of 49.75 billion lira ($8.40 billion) last year, down 8.1% year on year, according to BDDK data. ($1 = 5.9208 liras) (Reporting by Can Sezer and Ceyda Caglayan; Writing by Ezgi Erkoyun; Editing by Tuvan Gumrukcu)

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