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Published on Monday, April 10, 2017 | Updated on Tuesday, April 11, 2017

Turkey | Monthly Banking Monitor. March 2017

Total credit growth rate of the Turkish banking sector improved remarkably in March and reached 14% y-o-y. The annual rate accelerated to 26% signalling further growth for the coming months in the Y-o-Y rate. Net profit of the sector increased m-o-m by almost 30%. Net profit of public banks increased more than private banks.