Azerbaijan, Baku, Jan. 30 / Trend, A. Taghiyeva /
The Banks' Association of Turkey (TBB) projects an increase in the banking sector's assets by 16.55%, up to 1.556 trillion lira in 2013, the TBB's statement published on its website on Wednesday said.
The assets of the banking sector in Turkey amounted to 1.335 trillion lira by the end of 2012.
Turkish banks' credit investments in 2013 are expected to reach 930 billion lira against 774.6 billion lira in 2012.
The Association predicts increase in banks' profits by 19.8%. This year it is expected to reach 26 billion lira against 21.7 billion lira in 2012.
In addition, the total capital of Turkish banks in 2013 will increase to 202 billion lira, the report said.
The official exchange rate for Jan. 30 is 1.7629 TRY / USD.
