ISTANBUL, June 29 (Reuters) - Turkey’s BDDK banking watchdog said on Monday that the non-performing loan ratio in the country’s banking sector stood at 4.54% as of end-May, down from 4.64% a month earlier.
S&P Global Ratings said last week that NPLs in Turkey were expected to reach 11%-12% by 2021, while problematic loans, which include NPLs and restructured loans, will pass to more than 20% of loans.
The loans in the sector totalled 3.16 trillion lira ($461.14 billion) at end-May, increasing 24% year-on-year, data from the BDDK showed, while deposits stood at 2.97 trillion lira in the same period. ($1 = 6.8526 liras) (Reporting by Ezgi Erkoyun and Ali Kucukgocmen)
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