Economic history of Italy
The combined net income of banks operating in Turkey increased by 374 percent in January-April from a year ago to stand at 98.2 billion Turkish Liras, data from the Banking Regulation and Supervision Agency (BDDK) showed.
Assets of lenders grew by 1.1 trillion liras - or 12.6 percent - compared with the end of 2021 to 10.4 trillion liras.
The combined profit of Turkey's banks increased from 16.4 billion Turkish Liras in January-March 2021 to 63.2 billion liras in the first quarter of this year, the Banking Regulation and Supervision Agency (BDDK) has said.
That corresponded to a whooping 295 percent increase in the industry's profit on an annual basis.