ANKARA: The net profits of Turkish banks jumped 24% year-on-year in the first six months of 2024, according banking watchdog data released on Tuesday. The sector posted a 314 billion liras ($9.6 billion) net profit in January-June, up from 252.5 billion liras ($10 billion) in the prior year, Banking Regulation and Supervision Agency (BRSA) data showed. Total bank assets amounted to 28.1 trillion liras ($862.1 billion) at end-June, with loans, the largest sub-category of assets, reaching 13.9 trillion liras ($425.6 billion). On the liabilities side, deposits held at lenders in Trkiye - the largest liabilities item - hit 16.5 trillion liras ($506.7 billion) in the six months up to June. The sector's regulatory capital-to-risk-weighted-assets ratio - the higher the better - stood at 17.1% as of the end of June. The ratio of non-performing loans to total cash loans - the lower the better - was 1.53%. As of end-June, a total of 62 state/private/foreign lenders - including deposit banks, participation banks, and development and investment banks - were operating in Trkiye. Source: Anadolu Agency