Minister Nabati: Our banking sector is extremely healthy

In a statement on his Twitter account, Minister Nebati said, «February banking data announced by the BRSA this week confirms that our banking sector has a very healthy outlook with its strong capital structure, high asset quality and profitability ratios. The capital adequacy ratio of the sector is percent as of February 2023. 17.1, which is well above the legal minimum limit of 8 percent and the target rate of 12 percent. The high capital adequacy it has shows that our banking sector maintains a significant amount of capital buffer as a precaution against possible risks. The fact that it was realized at a very low level of 1.9 percent as of February 2023. This underlines the healthy asset quality of the sector.»

‘OUR COUNTRY IS TAKING STEADY STEPS ON ITS GOALS’

Minister Nabati continued as follows:

«It should not be forgotten that our banking sector has achieved all this healthy appearance under the difficult conditions that the financial system has fallen into as a result of the tight monetary policies implemented in the global markets. In addition, the integrated structure of our banking sector with global financial markets, qualified human resources and technological «Despite the current challenging global conditions that the whole world is going through, our country continues to move forward with firm and determined steps towards the targets of the Turkish Century.»