Banking Regulation and Supervision Agency

Turkey's watchdog puts new limits on forex swaps

Published by Hurriyet on Mon, 04/13/2020 - 09:36

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.

Banks register $2.4 bln net profit in Feb-Jan

Published by Hurriyet on Mon, 03/30/2020 - 15:20

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.

Banking sector net profit at $1.33 bln in January

Published by Hurriyet on Tue, 03/03/2020 - 07:02

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.

Interest rates on deposits down to three-year low

Published by Hurriyet on Sun, 01/26/2020 - 13:34

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.

Pages