Banking Regulation and Supervision Agency
Turkey's watchdog puts new limits on forex swaps
Turkish banks' foreign currency swap transactions cannot exceed over 1 percent of their equities, the country's regulatory authority said on April 12.
Due to rising disparity and risks related to the COVID-19 pandemic, the Banking Regulation and Supervision Agency limited forex transactions for financial stability.
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Banks register $2.4 bln net profit in Feb-Jan
Turkey's banking sector recorded 15.1 billion Turkish liras ($2.4 billion) net profits as of end-February, the country's banking watchdog said on March 30.
Total assets of the sector jumped 20 percent year-on-year to 4.7 trillion Turkish liras ($759.7 billion), the Banking Regulation and Supervision Agency (BRSA) report revealed.
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Banking sector net profit at $1.33 bln in January
Turkey's banking sector posted a net profit of 7.9 billion Turkish liras ($1.33 billion) in January, the country's banking watchdog said on March 2.
The figure jumped 147 percent year-on-year in the first month of 2020, from 3.2 billion Turkish liras ($615 million) from the previous January, the Banking Regulation and Supervision Agency data showed.
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Interest rates on deposits down to three-year low
Average interest rates on deposits in the Turkish banking industry have been falling since the second half of 2019 and hit 9.6 percent, which marked a three-year low, state-run Anadolu Agency reported.
The country's Central Bank delivered a significant 1,275 basis point cut since July 2019, slashing its benchmark one week-repo rate from 24 percent to 11.15 percent.
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Banks report highest-ever November profit
Turkey's banking industry's combined net income was 5.31 billion Turkish Liras (around $900mn) in November 2019, the highest-ever figure on record for this particular month, according to the calculations Anadolu Agency made from the Banking Regulation and Supervision Agency (BDDK).
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Turkish banks give solid signals for 2020s: KPMG
Turkish banking sector gives solid signals for the 2020s, the global audit and consultancy firm KPMG said on Dec. 16.
The sector will focus on maintaining its strong asset quality, the KPMG said in a statement.
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Banks to set aside provisions for $8 bln loans
Turkey's Banking Regulation and Supervision Agency (BDDK) has asked local lenders to set aside provisions for a total of 46 billion Turkish Liras (around $8 billion) worth of loans by the end of the year.
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Sale of Turkey's Denizbank to UAE lender approved
Turkey's Banking Regulation and Supervision Agency (BDDK) on June 28 approved the purchase of private lender Denizbank by the Emirates NBD Bank PJSC (ENBD) of United Arab Emirates.
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Banking sector posts $6 billion profit in first eight months
Turkey's banking sector's net profit totaled 38 billion Turkish Liras ($5.94 billion) this January-August, the Banking Regulation and Supervision Agency (BDDK) has announced.
Turkish banking sector profits $4.6 billion in four months
Turkey's banking sector posted an 18.8 billion Turkish Lira ($4.67 billion) net profit in the January-April period, according to the Banking Regulation and Supervision Agency (BDDK) on May 30.