Economic history of Italy

The National Basketball Association’s two-time most-valuable player had accounts open at 50 different banks

Turkey's short-term external debt stock was at $125.6 billion at the end of December 2021, indicating an increase of 10.2 percent compared to the end of 2020, the country's Central Bank said.

Banks' short-term external debt stock decreased by 9.7 percent to $51.8 billion and other sectors' short-term external debt stock increased by 35.1 percent to $47.8 billion.

The combined net profit of Turkish banks showed a strong 57 percent increase in 2021 from the previous year to reach 92 billion Turkish Liras, data from the Banking Regulation and Supervision Agency (BDDK) have shown.

Local lenders' assets grew nearly 51 percent, or by 3.1 trillion liras, last year to 9.2 trillion liras, the regulator said in a statement on Jan. 31.

The total net profit of 53 state-owned and private banks operating in Turkey in the first ten months of this year reached 66.1 billion Turkish Liras ($7 billion), the Banking Regulation and Supervision Agency (BDDK) announced on Nov. 29.

The figure was around $6 billion in the same period of 2020.

The National Bank is launching a new voluntary exit program with the aim of further reducing its operating costs and making more efficient use of its human resources, as part of its ongoing transformation program.

Ljubljana – The general gravity of systemic risks to financial stability has been reduced as the economy has rebounded, but there are elevated risks stemming from the housing market and the long-term profitability of banks, according to the central bank’s latest Financial Stability Review.

Turkish banks managed to increase their net profit by 12.8 percent on an annual basis to 48.5 billion Turkish Liras (around $5.5 billion) in the first eight months of 2021, data from the banking sector watchdog have shown.

Turkey's short-term external debt stock stood at $125.3 billion at the end July, according to data released on Sept. 17. 

The debt that must be paid in a year or less climbed 9.7% in July compared to the end of 2020, according to the Turkish Central Bank.

A total of 40.7% of the debt stock is in U.S. dollars, 25.8% in euros, 13.3% Turkish liras, and 20.2% in other currencies.

The Turkish economy is in a steady recovery period, Treasury and Finance Minister Lütfi Elvan has told some members of the ruling Justice and Development Party (AKP) group in parliament.

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Turkey's banking sector registered a net profit of 33.8 billion Turkish liras ($4 billion) as of the end of June, the country's banking watchdog said on Aug. 5. 

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Total assets of the sector hit 6.7 trillion Turkish liras ($785 billion), up 10.2% from the same period last year, a report by the Banking Regulation and Supervision Agency (BRSA) said.