Ukraine's birth rate plummets to 300-year low as country’s population collapses
11 hours ago
The combined net income of Turkish bank increased by a strong 33% y/y to reach TRY25.35bn (€6.1bn) in the first half of the year, data from banking sector watchdog BDDK showed on July 31.
The lenders' assets grew by 20% y/y to stand at TRY2.97tn while their total lending rose by 20% to hit TRY1.92tn at the end of June. Deposits collected by the banks showed a 20% rise y/y to reach TRY1.58tn.
The NPL/total loans ratio of the Turkish banking industry edged down to 3.2% at the end of June from 3.4% a year earlier while the capital adequacy ratio of the industry improved to 16.87% from 15.83% in June 2016.
Turkish banks’ combined profits rose by 44% y/y to TRY37.5bn last year.
Banks have been hit by the weaker economy and rising financing costs, but they are proving resilient, Fitch Ratings said in a July 21 statement on the country ratings.
Credit growth has been temporarily boosted by Credit Guarantee Fund-backed lending, but at the cost of a squeeze on local currency liquidity, according to the ratings company.
“Sector capitalisation, supported by adequate NPL reserve coverage, is sufficient to absorb moderate shocks, but is sensitive to further lira depreciation given the high level of foreign currency loans on banks' balance sheets, and further asset quality weakening as loans season,” Fitch added.
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Data
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Russia’s $13.4bn current account surplus in March second highest since 2007
Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007.
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Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
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The inflation rate landed within the National Bank of Poland’s target of 1.5%-3.5% for a second successive month
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